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SBI chief-led panel to identify fresh top 20 stressed accounts
Mint Mumbai
|December 13, 2024
The government has decided to set up a committee under the State Bank of India chairman to examine and submit a fresh list of stressed accounts with banks for transfer to NCLT and bolster the resolution pipeline.
This would be in addition to the top 20 accounts identified by banks earlier for admission at the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC).
The decision on examination of fresh large stressed accounts was taken during a review meeting chaired by secretary, department of financial services (DFS) M. Nagaraju with CEOs of public sector banks (PSBs) and other agencies.
During the meeting, Nagaraju also asked heads of PSBs to regularly monitor and review the top 20 IBC cases with banks as part of their bad assets management.
Denne historien er fra December 13, 2024-utgaven av Mint Mumbai.
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