Smaller PSBs beat giants in dash to NCLT, Bank of Baroda tops with 55 cases

Total claims under insolvency proceedings stands at over Rs 1 trillion as of September, RTI replies show

Smaller banks have been more agile in the initial days of the Insolvency framework by moving more cases to the National Company Law Tribunal (NCLT). While among the large banks Bank of Baroda led the list, Uco Bank, Bank of Maharashtra, and Dena Bank have initiated more NCLT proceedings than their larger rivals such as State Bank of India and Punjab National Bank. SBI, however, led the list in terms of value having initiated 18 cases with Rs 340.97 billion at stake, as of September 30. In all total amount assets under these proceedings as of September 30, stood at