At most 220 cr. pleaase checkout the zauba charges analysis i had done a while back. Total charges created to date are 220 cr. Outstanding amount would be lower (spicejet has been paying all loans well up to date).
Also it is imp to understand that this reminds me of VI episode (banks are being conservative in calling out cashflow mismatch up front rather than wait for it to turn GNPA)
This is a non-event IMO. Not even 1% of the corporate loan book.
Disc: invested, biased.
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