RBI identifies 12 mega bank defaulters usurping over Rs.2 tn of Tax Payers money; to act under Insolvency & Bankruptcy Code

RBI identifies 12 mega bank defaulters usurping over Rs.2 tn of Tax Payers money; to act under Insolvency & Bankruptcy Code

Mumbai : ‘RBI’ has prepared a list of 500 highest ‘defaulters’, to resolve the issue of ‘Non-Performing Asset’ (NPA). It has been observed that as per this list, 12 ‘defaulters’ owe banks around Rs 2 lakh crore and action will be taken against them as per ‘Insolvency and Bankruptcy Code’. Two days back, the Union Finance […]

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