bad loan accounts
RBI directed resolution of 12 bad loan accounts by December: Axis Bank
It said around 75 per cent of the outstanding was secured and the provision held for this outstanding was Rs. 862 crore.
PNB directs 9 bad loan accounts for insolvency resolution
The Reserve Bank earlier in June had asked banks to finalise a resolution plan within six month to resolve bad loans.
SBI files insolvency against Electrosteel at NCLT
The move comes amid SBI and other lenders starting insolvency proceedings against the 12 bad loan accounts identified by RBI.
Banks to increase provisioning by 25 per cent post NPA haircut: Crisil
The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016.
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