RBI identifies 12 accounts with 25% bad loans for insolvency
RBI has said 12 accounts representing about 25% of gross bad loans in the banking system are eligible for immediate reference for bankruptcy proceedings. An internal panel of RBI suggested accounts with outstanding amount of over â¹5,000 crore, of which 60% was classified as non-performing, can be referred for bankruptcy proceedings. RBI did not disclose the names of the accounts.