Members of the media and other attendees queue at the entrance to the reception of the Reserve Bank of India (RBI) in Mumbai. (Photographer: Prashanth Vishwanathan/Bloomberg)

RBI Circular: Prudential Framework For Resolution Of Stressed Assets- A Paradigm Shift, Almost?

Transitioning from a prescriptive rule-based regime to a more principle-based approach, the changes brought in by the Reserve Bank of India in its June 7 circular, are indeed a welcome step forward...

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