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Set aside order on NPA classification freeze: RBI to Supreme Court

The RBI informed the court that the regulator had been "most proactive" in accounting a series of measures to mitigate the impact of the Covid-19

Topics
RBI | Supreme Court | NPA

Somesh Jha  |  New Delhi 



RBI
RBI says it took “a balanced view, taking into account the interest of the depositors, borrowers, real sector entities and banks”

The Reserve Bank of India (RBI) has asked the to set aside its order on declaring accounts as non-performing assets temporarily as it will undermine its regulatory powers, while submitting that the regulator cannot address structural problems of the real estate sector that has sought additional relief.

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First Published: Sat, October 10 2020. 14:44 IST

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