SC Strikes Down RBI Circular on Defaulting Firms, Calls it Unconstitutional - (02 Apr 2019)
BANKING
Supreme Court has quashed a Reserve Bank of India circular of February 12, 2018, asking banks to classify a loan account as stressed if there was even a day of default and it also termed the order as unconstitutional.
Tags : SUPREME COURT RESERVE BANK OF INDIA
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