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Tag Archives: IAC

Just 12 accounts responsible for 25% of Rs 8 lakh crore bad debt with banks

MUMBAI: The RBI today identified 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25 per cent of total NPAs of banks for immediate referral for resolution under the bankruptcy law. Without naming the defaulters, the Reserve Bank said the lenders will be asked to initiate ... Read More »