IDBI Bank has total bad loans of 28 per cent of its loan book — the highest in the banking industry. Among others, SBI plans to sell 12 accounts with dues of Rs 1,325 crore on 100 per cent cash basis. However, the trend has reversed, with banks wanting to offload bad loans in the first quarter itself. The total quantum of bad loans - loans where corporate borrowers are not repaying their dues to banks- has crossed Rs 10 lakh crore. Among others, UBI plans to sell 47 accounts with dues of Rs 907 crore, UCO Bank plans to sell 21 accounts totaling Rs 890 crore, Union Bank plans to offload 17 accounts with loans of Rs 761 crore and Dena Bank wants to sell 29 accounts of Rs 380 crore.

Source: Economic Times June 04, 2018 04:17 UTC