June 10, 2019
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