Tag: REVISED CIRCULAR

Explained RBI’s NPA circular: Small and medium firms get reprieve

The Reserve Bank of India(RBI) has issued a revised prudential framework for resolution of stressed assets. This revised circular was issued after Supreme Court had declared the RBI’s February 12 circular on the resolution of stressed loans as unconstitutional. The revised circular has given small and medium-sized defaulters enough time to come out from the… Continue reading Explained RBI’s NPA circular: Small and medium firms get reprieve