Rs 3.8 trn from 70 accounts need NCLT check by September, says Icra

PSBs' FY19 pre-tax loss seen at Rs 1.2 trn

Nearly 70 large accounts with exposure worth Rs 3.8 trillion will require resolution under the Reserve Bank’s revised framework by September, warns a report. Accounts are mainly from the power, engineering, procurement, and construction and telecom sectors.

The report also said state-run banks are estimated to report pre-tax loss of Rs 419 billion to Rs 1.016 trillion in the current fiscal year, depending on the haircuts they may have to undertake on stressed assets undergoing resolution.

In 2017-18, public sector banks reported a loss before tax of Rs 1.30 trillion. 

“We estimate an additional Rs 3.8 trillion of exposure across 70 large accounts