 "rbi, reserve bank of india")
RBI's revised NPA norms give banks 30 days from default for resolution plan
The Reserve Bank of India (RBI) on Thursday allowed banks more time and flexibility to consider how they want to treat an account after it has defaulted. This came after the Supreme Court quashed the circular the RBI issued on February 12 last year on recovering bad loans. READ ON...
Individual bankruptcy: Draft rules propose mediation over litigation
The government is fine-tuning the draft rules for individual insolvency and is likely to introduce three categories of debt resolution based on the loan amount, a senior official told
