Banking Regulation (Amendment) Act 2017 Current Affairs, GK & News

Supreme Court quashes RBI’s circular Mandating Insolvency Proceedings

The Supreme Court has struck down a February 2018 Reserve Bank of India (RBI) circular which gave lender banks six months to resolve their stressed assets or move under the Insolvency Code against private entities who have defaulted in loans worth over Rs 2000 crore. The RBI had defended the circular by citing public interest ..