<h1>Indian Public Sector Banks Drive Loan Growth, Tackle Impairments with RBI and Government Measures, Including IBC 2016.</h1> Scheduled Commercial Banks (SCBs) in India reported loan growth, with Public Sector Banks (PSBs) accounting for about 69% of total loans. PSBs faced significant impairments in sectors like infrastructure and steel, prompting efforts to rebalance their portfolios. To improve asset quality, the government and Reserve Bank of India (RBI) introduced measures including the Insolvency and Bankruptcy Code (IBC) 2016 and amendments to the Banking Regulation Act, 1949. RBI also implemented regulatory guidelines, Prompt Corrective Action (PCA), and various schemes like S4A and SDR to manage stressed assets and enhance recovery processes.