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Friday 7 June 2019

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Relief for banks, debt-laden companies as RBI dilutes circular

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Banks now have more leeway in dealing with defaulters with the RBI coming out with a diluted version of its February 2018 circular on defaulting companies which was struck down by the Supreme Court. The new norms, which apply to borrowers with loans of over Rs 2,000 crore, give relief on the “one-day default” rule and allow banks full flexibility to restructure a loan.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/31iWINi
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