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RBI seeks to steer more companies to bankruptcy court: source

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Reserve Bank of India (RBI) has asked banks to send at least 20 companies that defaulted on their debts to bankruptcy court if their problems are not resolved by about mid-December, a senior banker with direct knowledge of the matter said on Wednesday.Reuters was not able to determine the exact list of companies in the list, but the senior banker said he knew of at least 20 companies named, based on information provided to his bank by the RBI. Local media had reported on the list late on Tuesday.The RBI declined to comment. The latest list of companies that could be ...

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First Published: Wed, August 30 2017. 11:50 IST