It is estimated that about 25 percent of total NPA value of the banks in India is caused by just 12 companies. The RBI has announced the names of those 12 companies in June 2017 and came out with another 40 companies considered as defaulters. The banks can take necessary action on these companies if the the issue is not solved within four months.
Following are the companies listed by RBI as defaulters and classified as non-performing assets. The banks can initiate the insolvency proceedings against these companies after the announcement of the list by RBI.
1) Asian Colour Coated Ispat
2) Castex
3) East Coast Energy
4) Essar Projects
5) Jai Balaji Industries
6) Jaiprakash Associates
7) Jayswal Neco
8) Monnet Power
9) Nagarjuna Oil Refinery
10) Orchid Chemicals
11) Ruchi Soya
12) SEL Manufacturing
13) Shakti Bhog
14) Soma Enterprises
15) Transstroy India
16) Unity Infraprojects
17) Ushdev International
18) Uttam galva
19) Videocon Industries
20) Videocon Telecom
21) Visa Steel
RBI has already named following 12 accounts in June 2017: ABG Shipyard, Alok Industries, Amtek Auto, Bhushan Power, Bhushan Steel, Electrosteel Steel, Era Group, Essar Steel, Jaypee Infratech, Jyothi Structures, Lanco Infratech, Monnet Ispat.