RBI identifies 12 accounts with 25% of bank bad loans for bankruptcy proceedings

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The Reserve Bank of India (RBI) on Tuesday said 12 accounts representing about 25% of the gross bad loans in the banking system would be eligible for immediate reference for bankruptcy proceedings. Indian banks are sitting on a stressed asset pile of close to Rs 10 trillion; of this, gross bad loans account for Rs 7.7 trillion and the rest are restructured loans.
Read more at Hindustan Times.

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