On Wednesday Indian bank shares edges higher and the central bank said that it identified 12 largest loan defaulters and they start bankruptcy proceeding without disclosing their account names.
State Bank of India is the top lender, it was trading at 0.2% and have risen by 0.7% and for the Punjab National Bank 0.4% was risen up.
Defaulters to bankruptcy, they were proceeding for the resolution of bad loans and it is also required for the state run banking sector to make higher provision.
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