SC verdict on RBI's February 12 circular expected today
  • WebDesk BTVI
  • Apr 02 2019

Supreme Court will be giving its verdict on a circular by RBI on February 12 for banks to deal with stressed assets which, according to petitioners, doesn't consider sector specific stress, government's role and doesn't give enough time to implement a resolution. The RBI meanwhile defended it by saying that lenders are empowered to decide their own resolution plan.