RBI given more powers to tackle NPAs, says Jaitley
President Pranab Mukherjee last night signed the ordinance to amend the Banking Regulation Act, giving RBI powers to direct banks to initiate insolvency and bankruptcy in case of default, he told reporters here.
May 05, 2017, 17:04 PM IST
Govt gives wide-ranging powers to RBI to deal with bad loans
The much-awaited Ordinance to amend the Banking Regulation Act was promulgated by President Pranab Mukherjee last night.
May 05, 2017, 14:16 PM IST
President likely to promulgate banking ordinance today
President Pranab Mukherjee is likely to promulgate tomorrow an ordinance giving greater powers to the Reserve Bank to tackle mounting bad loans, a top source said.
May 04, 2017, 22:26 PM IST
