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RBI plans incentives for banks to initiate IBC proceedings against defaulters, says report

Updated : May 06, 2019 07:52 AM IST

The move comes after the Supreme Court quashed RBI's February 12 circular.
Sources told the paper that the central bank is considering a proposal to assign a ‘lower risk weight’ on loans to firms against which action has been initiated under the Insolvency and Bankruptcy Code (IBC).
RBI plans incentives for banks to initiate IBC proceedings against defaulters, says report

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