Tag: judgement

RBI’s welcome steps in its circular provides more freedom to its bankers says IBA

Source: dnaindia.com The Reserve Bank’s new circular for resolution of stressed assets is propelled by provisioning requirements and gives more freedom to bankers in taking decisions, Indian Banks’ Association (IBA) Chairman Sunil Mehta said Saturday. Two months after the Supreme Court struck down its February 12 circular, the Reserve Bank of India (RBI) Friday came