RBI says banks must start bankruptcy proceedings against 12 major defaulters responsible for 25% of bad loans
The Reserve Bank of India (RBI) has identified 12 of the country`s biggest loan defaulters and said creditors must pursue bankruptcy proceedings against them, as it begins to cut the USD 150 billion in stressed debt hobbling Asia`s third-largest economy.
Jun 14, 2017, 14:08 PM IST