RBI Can Now Reconstruct or Merge a Bank Without Placing it Under Moratorium
A naval officer walks past the Reserve Bank of India (RBI) building in Mumbai, India. (Photographer: Kanishka Sonthalia/Bloomberg)

RBI Can Now Reconstruct or Merge a Bank Without Placing it Under Moratorium

The Reserve Bank of India can now prepare a scheme of reconstruction or amalgamation of a bank without placing it under moratorium, according to the Banking Regulation Amendment Ordinance 2020.The ...
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