RBI asks banks to stick to December deadline for insolvency

The latest communique is a reminder of that deadline, say bankers

The Reserve Bank of India (RBI), sources say, has instructed banks to maintain the December deadline for completing the bankruptcy proceedings on their largest non-performing assets (NPAs), in addition to the 12 named in June and the ones in various stages of similar operations. 

Senior bankers of various banks said there was no common list as such, but separate lists for different banks, drawn up on the basis of each one’s exposure to the defaulters. 

So, say, if State Bank of India (SBI) received a list of 30 accounts, Punjab National Bank had a 20-account list, IDBI Bank had a