Most names on RBI's second list to land in NCLT: SBI chief Rajnish Kumar

Of the 29 cases on the RBI's second list, SBI has an exposure to 27 companies with loans amounting to Rs 26,636 crore

Most companies in the Reserve Bank of India’s (RBI’s) second list of stressed accounts will land up in the National Company Law Tribunal (NCLT) for resolution, according to State Bank of India (SBI) Chairman Rajnish Kumar.

After recommending 12 large non-performing assets (NPA) in June for resolution under the Insolvency and Bankruptcy Code (IBC), the RBI gave banks time till December 13 to attempt restructuring the 29 companies that figure on the second list. If banks and companies fail to finalise the loan recast, the case will have to be referred to the NCLT under the IBC.

“Almost the entire