Bank of India (BoI) would be able to realise around Rs 1993 crore from the first successful NCLT resolution concerning Tata Steel and Bhushan Steel. The amount would not include hair-cuts. The realisation of the amount would lead to NPA reduction and increase profitability of the bank.
In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), the bank’s exposure was Rs 8300 crore. In the second list of 27 accounts, the exposure was Rs 3000 crore.
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