A little relief on India's bad loans situation came last week when Reuters reported that it has shrunken from its record high of Rs 9.5 lakh crore to Rs\u00a09.46 lakh crore in the quarter ending September 30, 2017, the first pull-up since the introduction of the Insolvency and Bankruptcy Code (IBC) and tighter norms. But with the Reserve Bank of India (RBI) announcing a complete overhaul of the stressed assets resolution with a strict 180-day deadline, analysts are expecting a spike in the reported NPA levels for some of the large borrowers. ICRA in a report said that the total borrowing by 50 large borrowers have banking exposure of Rs 2,000 crore stands at Rs 2.46 lakh crore of debt, which will need resolutions by September 1, 2018. While some these accounts are already classified as NPAs and may not add to the overall stock of NPAs, there is also a possibility of\u00a0standard loans will get classified as NPAs if the restructuring of the loans takes place under the resolution process. The RBI on Monday night announced an immediate overhaul of the NPA resolution subsuming several schemes such as JLF, SDR, CDR and announcing a uniform and strict norms in accordance with the IBC. Under the new NPA framework, lenders have been given 6 months time to declare an account as an NPA on the date of loan default, resolve it within six months, failing which, file an insolvency petition for resolution under the IBC. Read More:\u00a0Explained: RBI\u2019s latest weapon to fight hidden big bad loans monster; here\u2019s all you need to know "This is expected to further spike up the credit provisioning requirements for banks during FY2019." Analysts say it will lead to real-time recognition of NPAs, which were earlier kept technically hidden in the books. This phenomenon is known 'evergreening\u2019. The RBI has already identified about 40 big accounts with 33% of total bad loans, of which 11 were sent to National Company Law Tribunal (NCLT) for immediate resolution, while 28 others were given six months time to resolve the debt, whereby the "resolution plans failed for most of the borrowers and were referred under IBC". CRISIL in September last year had estimated that the total bad loans in India's banking system could be around Rs 11.5 lakh crore, or 14% of total advances and that only about 66% of them had been recognised by banks by March 31, 2017. The bad loans surged from\u00a09.6% in March 2017 to 10.2% in September.\u00a0The RBI has estimated NPAs to be at\u00a012.2% of all loans.