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RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Working on resolution of large NPA accounts: RBI

RBI changed the consent required for approval of a proposal to 60 per cent by value instead of 75 per cent earlier.

7 Jun 2017 8:20 PM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency

Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.

23 Jun 2017 11:16 AM IST