Beena Parmar
Moneycontrol News
As part of the major push towards resolution of large bad loans this month, bankers will be meeting Thursday to discuss three big steel accounts Essar Steel, Bhushan Steel and Electrosteel Steels as part of the joint lenders’ forum (JLF) to discuss the plan ahead.
Banks have outstanding loans worth Rs 45,000 crore to Essar Steel, Rs 47,000 crore to Bhushan Steel, and Rs 11,000 crore to Electrosteel Steels.
“We will discuss these three accounts tomorrow. Hopefully now there should be some resolution. The filing of the cases will happen in the next 10-15 days’ time,” a senior public sector bank official on aware of the meetings said on late Wednesday evening.
On Wednesday, bankers decided to…
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