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RBI readies new bad loan circular; likely to do away with one-day default rule

Updated : May 22, 2019 07:43 AM IST

The guidelines for resolution of stressed loans are ready with the RBI and the regulator will wait for the Model Code of Conduct to lift on May 23rd to make the circular public.
The regulator is expected to retain large portions of the February 12 circular, but do away with some contentious issues, including the one-day default rule.

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