<h1>Insolvency referral criterion: large exposures with substantial nonperforming assets must be referred for insolvency if resolution fails.</h1> An Internal Advisory Committee adopted an objective criterion requiring referral of large-exposure accounts with a high proportion of non-performing assets to the Insolvency and Bankruptcy Code, prompting directions to banks to refer twelve accounts and to finalise resolution plans for other NPAs within six months or else initiate insolvency. RBI withheld borrower identities under section 45E secrecy obligations and mandated minimum provisioning for the twelve accounts equal to the higher of a secured/unsecured formula or existing asset-classification provisions, to be phased in by year-end.