Business Standard


The RBI's approach to the question of dealing with the RTI Act does not adequately reflect the various provisions of the law

rbi, reserve bank of india

A K Bhattacharya
For the Reserve Bank of India (RBI), the current month of April has not been very pleasant as far as its dealings with the Supreme Court (SC) go. Two orders by the apex court — one on April 2 and the other on April 26 — will make the RBI rethink how it should go about its business of regulating the banks. 

The SC’s order on April 2 quashed the RBI’s circular issued on February 12, 2018, that among other things had framed norms for banks to recognise even one-day defaults by borrowers and take necessary action for insolvency resolution
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Apr 29 2019 | 1:24 AM IST

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