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The Code has defined time-frame for the resolution, the banker said, adding that 14-day time period has been given for admission or rejection of a case. (Representational image)

Essar Steel among RBI's 12 defaulters

Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and...

17 Jun 2017 6:15 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Bankers hail RBI move to name top dud loans

Total NPAs stand at over Rs 8 trillion of which Rs 6 trillion are with public sector banks.

15 Jun 2017 9:42 AM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Lenders take Essar Steel to NCLT

Bankers, led by IDBI Bank, will be meeting on Friday to decide on Bhushan Power & Steel which has been in default of Rs...

23 Jun 2017 4:37 AM IST