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RBI on stressed assets
Jammu, June 13 -- The Reserve Bank of India's (RBI) revised circular aimed to reduce the Non-Performing Assets (NPAs) of the banking institutions is noteworthy and a welcome step so far as renewed efforts to course correction are initiated. These efforts of the central bank and all other banking institutions suffered a setback last year when these directions were shot down by the Supreme Court terming them as violation of set rules. This is to be noted with concern that the efforts of the RBI through February 12, 2018, to clean up the NPAs' mess in the banking institutions were not supported by the SC which struck down the circular as it was considered to be ultra vires. The fresh circular titled 'Prudential Framework for Resolution of Stre...
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