Whether this news will boost banknifty ..... ??
OR
Market will not take is seriously (my consider is just another futile attempt to contain NPA ...??
Kshitij Anand
Moneycontrol News
RBI selects 12 accounts, accounting for 25% NPAs
The Reserve Bank of India on Tuesday identified 12 non-performing accounts or assets (NPAs), totalling 25 percent of India's gross NPAs, which can be immediately taken up under the Insolvency and Bankruptcy Code (IBC).
An Internal Advisory Committee (IAC) comprising majorly of central bank's independent board members held its first meeting on June 12 to consider cases under the new IBC that was passed last year to resolve bad loans through the legal route.
Some of the large stressed accounts that could be a part of the 12 are Essar Steel with Rs 44,000 crore stressed assets, Bhushan Power (Rs 35,000 crore), Bhushan Steel (Rs 35,000 crore), Alok Industries (Rs 24,000 crore) and Electrosteel Steels (Rs 10,000 crore), according to a CNBC-TV18 report.
