Sona Alloys has an outstanding of Rs 6.47 billion towards SBI, while Zenith Birla has Rs 1.39 billion
SBI plans to sell a total of 15 such NPA accounts to recover Rs 9.89 bn; IFCI to sell 23 NPAs for recovery of Rs 136.68 bn
The committee has also made a case for amending banking laws, including the SBI Act, to provide for disclosure of names of loan defaulters
Finance ministry also asked banks to look at a differentiated approach so as to create niche for them
The Reserve Bank has directed certain reclassifications in the private sector lender's asset classification and provisioning as on March 2017