RBI Can’t Issue Umbrella Directions To Banks To Initiate Insolvency, Says Supreme Court
(Image: Supreme Court website)

RBI Can’t Issue Umbrella Directions To Banks To Initiate Insolvency, Says Supreme Court

The Supreme Court struck down the Reserve Bank of India’s Feb. 12 circular on the grounds that the regulator can give directions to banks on stressed assets only upon the central government’s autho...
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