Wednesday, April 28, 2021

Bad bank to get Rs 2 lakh crore of defaulting companies’ loans

The association has identified 102 corporate bad loans, totalling to Rs 2 lakh crore, where the amount outstanding in each is over Rs 500 crore. They include loans in a variety of industries. These have been languishing in the books of banks for years with many admitted under the insolvency process.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/bad-bank-to-get-rs-2-lakh-crore-of-defaulting-companies-loans/articleshow/82304206.cms

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