Clock is ticking on India's bad bank debts under bankruptcy laws
    Clock is ticking on India's bad bank debts under bankruptcy laws - Economic Times
    In a bid to crack down on defaulters, an independent advisory committee commissioned by the Reserve Bank of India (RBI) has decided to refer 12 companies, who have been identified as the top defaulters, to the insolvency and bankruptcy proceedings. These 12 companies account for over 25% of the gross non-performing assets that is present in the Indian banking system.


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