Bad bank to get Rs 2 lakh crore of defaulting companies’ loans

The association has identified 102 corporate bad loans, totalling to Rs 2 lakh crore, where the amount outstanding in each is over Rs 500 crore. They include loans in a variety of industries. These have been languishing in the books of banks for years with many admitted under the insolvency process.

from Banking/Finance-Industry-Economic Times https://ift.tt/3u6yio0