Axis Bank has loans to 12 companies on RBI's defaulters list
nAxis Bank has said it has loans to 12 companies in the RBI's second list of defaulters. The bank said it had outstanding loans of â¹1,843 crore to the 12 companies, and non-fund based outstanding loans of â¹649 crore. Notably, RBI has asked Axis Bank to resolve the 12 accounts by December 13, failing which insolvency proceedings will be initiated.