SC had quashed RBI's Feb 12 circular that asked lenders to start resolution even if there was a 1-day default.

The resolution plan has to be implemented within 210 days of the initial default, instead of 180 days of the initial default.

On April 2, the Supreme Court had declared as "ultra vires" the February 12 circular that mandated banks to label even a day's default as N...

SC had quashed the RBI's February 12 circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore, terming i...

Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and ...

Both Crisil and Moody’s have voiced their concerns on the impact of the Supreme court ruling.

The central bank is unlikely to challenge the SC order.

Since beginning, the RBI circular on bad loans created a huge amount of hue and cry in various quarters.

Rating agency Moody's in a note Tuesday said voiding of the circular is credit negative for banks.

Irrespective of what happens, the February 12 circular will always be the one that shook India Inc.

The February 12 circular makes it mandatory to map an account as NPA even on a single-day default.

“We never expected interim relief from Allahabad HC but individual borrowers were gung-ho on it.“

The RBI circular mandates banks to identify projects with one day default as stressed assets and conclude the resolution proceedings in 180...

On August 14th, the power companies presented their arguments against the circular.

The government on Thursday informed the high court about formation of a high level empowered committee led by cabinet secretary P K Sinha.

Essar Steel had moved the high court against insolvency proceedings initiated by the banks on the RBI direction.

The RBI today eased norms for structuring of existing long-term project loans to infrastructure and core industries.