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One year of RBI's February 12 circular: The game changer for bad loan resolution

Updated : February 13, 2019 07:24 AM IST

Under this revised framework, banks were given 180 days to resolve defaulting accounts of over Rs 2,000 crore.
This circular is also one of the key reasons that prompted the central government to use section 7 of the RBI Act to hold consultations with the central bank.

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