Search
Bankers to Discuss Strategy for Chief Defaulters in Meetings Starting Today
June 19, 2017
Bankers will meet today to discuss measures against the top defaulters that were recently identified and revealed by the Reserve Bank of India. Out of 12 defaulters, RBI has disclosed the top six so far which are Monnet Ispat (Rs 12,115 crore), Amtek Auto (Rs 14,074 crore), Alok Industries (Rs 22,075 crore), Bhusan Power and Steel (Rs 37,248 crore), Essar Steel (Rs 37,284 crore), and Bhushan Steel (Rs 44,478 crore).
A senior banker said that one of the objectives of the meetings is also to appoint the insolvency professional (IP) responsible for the resolution plan for the matter at hand.
