It said around 75 per cent of the outstanding was secured and the provision held for this outstanding was Rs. 862 crore.
02 Sep 2017 11:26 AM
The Reserve Bank earlier in June had asked banks to finalise a resolution plan within six month to resolve bad loans.
08 Aug 2017 8:44 PM
The move comes amid SBI and other lenders starting insolvency proceedings against the 12 bad loan accounts identified by RBI.
29 Jun 2017 2:57 PM
The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016.
26 Jun 2017 5:14 PM