RBI to clamp down on NPA defaulters, will issue reference points for the culprits

The RBI is preparing to clamp down on fourth set of defaulters to arrest the NPA defaulters; also to issue reference points for defaulters in the range if 500-2000 cr bracket. This comes after three major steps to crackdown on bad loan. RBI identified dirty dozen earlier in 2017 and 28 major defaulters later. The Banks are currently acting on RBI’s Feb 12 circular. RBI is expected to direct banks to identify defaulters in 500-2000 cr range for resolution. The new list will include a large number loan accounts with low quantum of debt.