BPSL Ruling: Banks, Whistleblowers, and Big Questions | The Daily Brief #218

In today’s episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets:

1. Supreme Court Undoes BPSL Resolution: What It Means for India’s Insolvency System
The Supreme Court has reversed the ₹47,000 crore insolvency resolution of Bhushan Power & Steel (BPSL), calling out delays, legal violations, and bad faith by JSW. Despite the plant’s revival, the Court has ordered its liquidation — raising big questions about India’s bankruptcy code and future debt resolutions.

2. Co-Lending in India: Big Banks, Small NBFCs, and a Risky Partnership
India’s co-lending model lets big banks and small NBFCs share loans, aiming to improve credit access. But with rising defaults, poor coordination, and blurred accountability, experts now fear this model may become the next source of financial instability.

Timestamps:
00:00 Intro
00:46 A pyrrhic win for the rule of law
14:04 RBI is getting serious about Co-Lending
25:38 Tidbits

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Watch this episode in Kannada on @marketsbyzerodhakannada : https://youtu.be/U0uYXTXiF9c

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