Rating agency CRISIL said the banks in question would need to find an extra Rs 40,000 crore as bad loan provisioning for the 12 big-size cases being referred, on Reserve Bank of India (RBI) order, to the National Company Law Tribunal (NCLT) for resolution.
These 12 large accounts had become non-performing assets (NPAs) on the banks' books by end-March 2016. CRISIL's study shows the banks had already provisioned 40 per cent for these NPAs worth Rs 2 lakh crore — that is, about Rs 80,000 crore.
CRISIL believes the lenders will have to take a haircut (the term for difference between the market value
