RBI to issue revised circular on stressed assets in next few days
  • WebDesk BTVI
  • Apr 05 2019

In the backdrop of the Supreme Court verdict quashing the RBI’s February 12 circular, the RBI is reportedly set to come up with a revised circular in the next few days. The industry expects that the RBI will maintain the broad contours of the circular and just do away with Section 7 (compulsory referral to NCLT) as the top court had specifically objected to that.