Stability at Centre key to faster reforms process, say bankers

The Lok Sabha election outcome, contrary to exit polls, has sparked concerns about coalition reliance. Bankers emphasize the necessity of a stable government for executing critical reforms, particularly in the banking sector. They anticipate amendments to the Insolvency and Bankruptcy Code (IBC) to enhance company rehabilitation. \r

With BJP's reduced seat count, forming the government for a third term relies heavily on alliances. Beyond the election, expectations include progress in IDBI Bank's stake sale, a key reform agenda. The strategic divestment process has faced delays, but stakeholders anticipate renewed momentum under the new administration, aiming to enhance efficiency and stability in the banking sector.