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Tuesday, May 30, 2017

About top 50 loan account amounting 4.5 lakh cr going to BAD is being watch list of RBI


About 50 stressed accounts have been identified as being on the watch list of the government, the Reserve Bank of India and, in some cases, vigilance commission.
The list includes Videocon Industries Ltd; Jindal Group firms such as Jindal Steel and Power Ltd; Punj Lloyd; Jaypee Group; Lanco, which includes Lanco Infratech; Monnet Ispat; Essar Ltd; and Bhushan Steel and many more.
The list represents stressed accounts, which includes loans that have turned bad or been restructured as of December 2016. or SMA 1 or SMA 2. The total value of such top 50 loans is estimated to be around Rs 4-5 lakh crore, which is almost 80-85% of the total bad loans for state-run lenders. Bad loans at state-run banks have grown more than Rs 1 lakh crore since April 2016 to Rs 6 lakh crore as of December 31.



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