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Friday, April 5, 2019

RBI to put out new rules to deal with stressed assets

It also required banks to finalise a resolution plan for such defaults of over `2,000 crore within 180 days, and if they failed in doing so, the account would be subject to the Insolvency and Bankruptcy Code process.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2UxoiFZ

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