Norwegian Business Association (India)

Insolvency and Bankruptcy Code- Recovery rate in Norway highest in the world


On April 18, 2018 the deputy governor of RBI had given a speech at National Institute of Bank Management Pune on the topic of stressed assets in the Indian banking system. Below is the link to the speech

Interestingly during the speech, he made a reference to ease of doing business ranking by the World Bank country wise.

In this ranking, Norway has the highest rate of recovery in case of insolvency (cents on the dollar) at 93.1 while India it is only 26.4

Follow the link to get more details;

https://rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1055

 

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  • Yara
  • Norscot
  • Wallem
  • Kongsberg
  • Jotun
  • DNB
  • Aatash
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