Allahabad Bank NPA under focus; 65 accounts referred to IBC

The number of "wilful defaulters" declared by the bank stood at 257, a two-and half-fold jump from March 2017 figure of 101. Bank has referred 65 Non-Performing Assets  borrowal  cases involving an amount of Rs 12,566.11 crore to the National Company Law Tribunal (NCLT) for resolution under Insolvency and Bankruptcy Code (IBC) during FY18.

Allahabad Bank NPA under focus; 65 accounts referred
A separate -- NCLT Cell -- at Head Office for exclusive monitoring of NCLT referred cases is being formed. Image source: Reuters

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