To avoid bankruptcy proceedings, bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before Monday deadline

With the six-month deadline set by Reserve Bank to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against these defaulters who are mostly power producers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wm5igv