NPA problem: RBI identifies 12 mega defaulters for insolvency

NPA problem: RBI identifies 12 mega defaulters for insolvency

NPA problem: RBI identifies 12 mega defaulters for insolvency The Reserve Bank of India (RBI) said on Tuesday that its Internal Advisory Committee (IAC) has identified 12 accounts covering approximately 25 percent of the non-productive assets of the banking system for immediate resolution under the Code of Insolvency bankruptcy. The gross bad debt of India’s … [Read more…]

NPA problem: RBI identifies 12 mega defaulters for insolvency

NPA problem: RBI identifies 12 mega defaulters for insolvency

NPA problem: RBI identifies 12 mega defaulters for insolvency The Reserve Bank of India (RBI) said on Tuesday that its Internal Advisory Committee (IAC) has identified 12 accounts covering approximately 25 percent of the non-productive assets of the banking system for immediate resolution under the Code of Insolvency bankruptcy. The gross bad debt of India’s … [Read more…]