RBI's revised guidelines for resolution of stressed assets likely before May 23
Updated : April 28, 2019 03:22 PM IST
Earlier this month, the Supreme Court had quashed the RBI's February 12 circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore, terming it as "ultra vires".
The sources said the central bank is in a very advanced stage and the revised circular should be out before declaration of general elections result.
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