RBI likely to declare new NPA norms by May 15, exempt from poll code
  • WebDesk BTVI
  • Apr 29 2019

After the SC quashed the February 12 RBI circular, RBI is working on new NPA norms on dealing with stressed assets and NPAs. Sources say RBI is at an advance stage of forming the revised circular and may declare it by May 15. While speculation is on about Model Code of Conduct being in place on May 15, EC sources say RBI policy is exempt from poll code. RBI sources say they held an informal discuss with the EC over the issue.