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Bankers' meet begins today to decide on 12 large defaulters RBI named

These 12 accounts have an exposure of more than Rs 5,000 crore each, with 60% or more bad loans

Press Trust of India  |  Mumbai 

Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings. The first set of six troubled accounts are Bhushan Steel (Rs 44,478 crore), Essar Steel (Rs 37,284 crore), Bhusan Power and Steel (Rs 37,248 crore), Alok Industries (Rs 22,075 crore), Amtek Auto (Rs 14,074 crore) and Monnet Ispat (Rs 12,115 crore), a banker said. According to RBI, these 12 accounts owe Rs 2.5 lakh crore to the system, which constitutes around 25 per cent of ...

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First Published: Mon, June 19 2017. 09:15 IST
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