Names of 12 mega defaulters identified by RBI

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The 12 accounts are led by SBI (six of them), PNB, ICICI Bank, Union Bank, IDBI Bank and Corporation Bank, according to bankers.

These accounts have an exposure of more than Rs 5,000 crore each, with 60 per cent or more classified as bad loans by banks as of March 2016.

The first set of six troubled accounts are

  1. Bhushan Steel (Rs 44,478 crore), 
  2. Essar Steel (Rs 37,284 cr), 
  3. Bhusan Power and Steel (Rs 37,248 cr), 
  4. Alok Industries (Rs 22,075 cr), 
  5. Amtek Auto (Rs 14,074 crore) and 
  6. Monnet Ispat (Rs 12,115 cr), a banker said. 
According to RBI, these 12 accounts owe Rs 2.5 trillion (Rs 2.5 lakh crore) to the system, which constitute around 25 per cent of gross bad loans.

The other accounts named for bankruptcy action, according to bankers, include 
  1. Lanco Infra (Rs 44,364.6 cr), 
  2. Electrosteel Steels (Rs 10,273.6 cr), 
  3. Era Infra (Rs 10,065.4 cr), 
  4. Jypaee Infratech (Rs 9,635 cr), 
  5. ABG Shipyard (Rs 6,953 cr) and 
  6. Jyoti Structures (Rs 5,165 cr). 
Source: http://economictimes.indiatimes.com/industry/banking/finance/banking/12-large-npa-cases-yet-to-come-before-ibbi-chairman-ms-sahoo/articleshow/59219173.cms

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