Govt, RBI will have to bring new rules on NPA after SC order: Amitabh Kant Read more at: //economictimes.indiatimes.com/articleshow/68702955.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The government and the Reserve Bank will have to bring in a new set of regulations to ensure that borrowers repay their debt on time following the Supreme Court striking down an earlier rule of the monetary authority, Niti Aayog chief executive Amitabh Kant said Wednesday.
Amidst a rash of announcements over income support schemes, the bureaucrat also stressed on the need to ensuring higher growth to fund such dole-outs.
With the Supreme Court striking down (the February 12, 20 ..
Amidst a rash of announcements over income support schemes, the bureaucrat also stressed on the need to ensuring higher growth to fund such dole-outs.
With the Supreme Court striking down (the February 12, 20 ..
The unexpected ruling by a single judge bench of Rohinton Nariman has put a big question mark on the resolution of 70 large accounts which together owe the system over Rs 3.8 lakh crore.
The ruling came on a petition filed by 34 power companies which alone owe Rs 2.3 lakh crore to banks.
Legal and industry experts have voiced concern over the order, stating that there was a marked change in borrowers behaviour after the circular was issued which would now change for the worse. ..
The ruling came on a petition filed by 34 power companies which alone owe Rs 2.3 lakh crore to banks.
Legal and industry experts have voiced concern over the order, stating that there was a marked change in borrowers behaviour after the circular was issued which would now change for the worse. ..
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