 "SBI")
Several public sector banks are planning to sell their bad loans, including those being litigated at the National Company Law Tribunal (NCLT), in order to enter 2019-20 with fewer stressed assets on their books.
Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the Insolvency and Bankruptcy Code (IBC) mainly because of litigation.
A senior IDBI Bank executive said, “Bankers are becoming impatient because many big-ticket cases don’t seem to be going anywhere.”
United Bank of India (UBI) has identified loans worth Rs 3,000
