Stressed accounts of Rs 2,500 cr identified for bad bank: Indian Bank

While the National Asset Reconstruction Company (NARCL) is yet to be fully functional in terms of acquiring stressed loans from banks, state-run Indian Bank has said that accounts amounting to around Rs 2,500 crore are identified to be transferred in the first and second phase and NARCL is doing a due diligence on this. 
 
The bank’s managing director and chief executive officer Shanti Lal Jain has said that out of the total eight accounts that were identified in the first phase, three were already resolved. The bank said that out of the remaining five accounts amounting to around Rs