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Economy

RBI preparing to draft new circular on resolving NPAs

Updated : April 03, 2019 05:13 PM IST

The development comes after the Supreme Court on Tuesday struck down the central bank's February 12 circular on the resolution of stressed assets.
The apex court's order to strike down the Feb 12 circular came after the stressed power companies moved the court requesting it to cancel the RBI's dictate which had put a question mark over the future of these companies.
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