IBA Asset Resolution Conference 2019

Unlocking Value Through Cooperation

December 7, 2019, Hotel Trident BKC, Mumbai

Overview

Indian Banks’ Association is pleased to announce the 2nd edition of Asset Resolution Conference and which is scheduled to be held on December 7, 2019 at Hotel Trident BKC, Mumbai.

Gross non-performing assets (NPAs) for Indian banking system have tripled between 2015 and 2019 and NPAs continue to be a large overhang for Indian banking sector with consequent impact on credit growth. Liquidity stress in non-banking finance companies (NBFCs) has increased the funding costs for NBFCs and also contributed to NBFC NPAs being at 6.6% (March 2019) which is the highest in the last six years.

However, concerted efforts by Government of India (GOI) and Reserve Bank of India (RBI) to address twin balance sheet issues afflicting banks and corporates have led to passage of landmark bankruptcy framework, recapitalisation of banks and passage of 7 June prudential framework for resolution of stressed assets.

Under the Insolvency and Bankruptcy (IBC) framework, successful resolutions have led to improvement of India ranking under “resolving insolvency” category to 52 [World Bank: Ease of Doing Business report (EODB) 2020] compared with 108 (EODB 2019) across 190 countries. EODB 2020 recognises the improvement in recovery rate to 71.6% (2020) compared with 26.5% (2019) along with reduction in time taken for recovery from 4.3 years (2019) to 1.6 years (2020). Apart from actual recovery, IBC has also helped in improving credit culture by instilling a sense of urgency among all stakeholders to resolve stress driven by fear of losing control over their prized assets. This has prompted promoters to proactively approach creditors for debt resolution before action is initiated under IBC.

As per Reserve Bank of India estimates (June 2019 Financial Stability report) NPAs for scheduled commercial banks (SCBs) have peaked at 9.3% (March 2019) and are expected to ease to 9.1% (March 2020). With increased provision coverage ratio (PCR) of SCBs increased to 60.6% (March 2019) from 52.4% (September 2018) and 48.3% (March 2018) respectively, adequately providing for the NPA in their respective balance sheets.

However, gross NPAs for the banking sector continue to be large and are estimated at INR 9.4 L Cr (March 2019), resolving stressed assets is of paramount importance and revival of GDP growth will be difficult unless the huge investment locked in these assets are resolved in an optimal manner.

IBA Asset Resolution Conference 2019 will seek to address a variety of issues, challenges and emerging opportunities for all related stake holders.

Produced by

Presented by

Attendee Profile

  • Delegates from banks from public, private, cooperative sector and foreign banks and delegates from law firms and consulting companies
  • Senior officials from Ministry of Finance, Reserve Bank of India, IBBI and NCLT.
  • Senior representatives of leading Asset Reconstruction Companies and leading rating organizations
  • Senior representatives from consulting majors


Speakers / Panelists




Rajnish Kumar

Chairman
State Bank of India

Dr. M.S Sahoo

Chairperson
Insolvency and Bankruptcy Board of India

Sanjeev Chadha

MD & CEO
SBI Capital

Samuel Joseph Jebaraj

Deputy Managing Director
IDBI Bank

Challa Sreenivasulu Setty

DMD – SAMG
State Bank of India

Rajneesh Sharma

GM – GMCC Stressed Assets
Bank of Baroda

VG Kannan

Chief Executive
Indian Banks’ Association

S. Ramann, IA & AS

Managing Director & CEO
NeSL


Moderators


Abizer Diwanji

Partner and National Leader, Financial Servicesr
EY

Dinkar Venkatasubramanian

Partner and National Leader, Restructuring and Turnaround Services
EY

Nitin Jain

Partner, Restructuring and Turnaround Services
EY

Shailendra Ajmera

Partner, Restructuring and Turnaround Services
EY
 









Partners





Platinum Partner




Gold Partner






Venue


Hotel Trident BKC, Mumbai

Welcome to a world of stylish accommodation, fine dining and gracious hospitality in the heart of North Mumbai's new business district; Bandra Kurla Complex. The epitome of elegance and efficiency, Trident, Bandra Kurla is located only 20 minutes from the airport and is a perfect place to conduct business or explore the exciting nightlife in the city that never sleeps.

The hotel's well-lit lobby characterised by its high ceiling, highlighted with the signature bronze sculptures and a dazzling chandelier, defines the chic vibe of the hotel. The 412 guest rooms and 24 suites are designed with amenities suited for the contemporary business traveller. High-speed Internet access, a docking station for all your gadgets and well-appointed writing desks are just some of the details designed to make our rooms cutting-edge and your stay convenient and comfortable.

Be spoilt for choice while dining at Trident, Bandra Kurla with a wide range of cuisines on offer. From Italian to Japanese, Indian to Continental, the hotel's three award winning restaurants serve the very best of international flavours. The hotel also features a lounge bar, a wine library and the most popular patisserie in the city. Our extensive banqueting and business facilities are ideal for your meetings while our spa and fitness centre offer the perfect balance between business and pleasure.


Contact


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