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Banks chart out plan for 12 large NPA accounts, Lanco Infratech first to be booked
Lanco Infratech, power and road construction firm, became the first among the dirty dozen companies to be booked by IDBI Bank. The list also named Electrosteel Steels, Era Infra, Jypaee Infratech, ABG Shipyard and Jyoti Structures as defaulting borrowers. According to sources in Finance ministry various banks held meeting today to chart out future course of action regarding some of the accounts identified by RBI.
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