 "RBI, Reserve Bank of India")
RBI pulls out circular asking banks to reveal their IL&FS exposure
With the National Company Law Appellate Tribunal (NCLAT) allowing banks to declare the defaulting accounts of Infrastructure Leasing & Financial Services (IL&FS) group as non-performing assets (NPAs), the Reserve Bank of India (RBI) on Wednesday withdrew its previous circular asking banks, financial institutions to declare details of their exposure to the group that are bad loans. Read more here: Read more...
India seizes $860 mn of Nirav Modi, UK court denies him bail third time
A London judge rejected fugitive diamond merchant Nirav Modi’s third attempt to get bail, after his
