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BRIEF-Axis Bank says had exposure on 8 accounts that RBI advised to start insolvency resolution process
June 29, 2017 / 3:26 AM / 2 months ago

BRIEF-Axis Bank says had exposure on 8 accounts that RBI advised to start insolvency resolution process

June 29 (Reuters) - Axis Bank Ltd

* Says bank had exposure on 8 accounts that reserve bank of india advised to initiate insolvency resolution process

* Says total fund based outstanding of bank on these accounts was INR 50.71 billion, non-fund based outstanding was INR 2.12 billion

* Says against outstanding amount, provision held was 24.97 billion rupees Source text - (bit.ly/2trpDRo) Further company coverage:

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