The Reserve Bank of India has reportedly asked banks to resolve 55 identified high value cases of bad loans within a period of six months. Reportedly, the central bank would examine those cases and refer for resolution under the new Insolvency and Bankruptcy Code, if they are not resolved. Earlier this month, RBI had identified 12 accounts for insolvency proceedings, which accounted for 25% of total bad loans of banks, say reports.
By Vikraman Maniraj | Jun 22, 2017 9:04 PM #RBI #BankLoans
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