Tag: Banking Regulation Amendment Ordinance 2017

RBI action plan to implement Banking Regulation Amendment Ordinance 2017. Current guidelines to be modified to resolve large stressed assets. Reserve Bank of India Date : May 22, 2017 Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017 In a Release …

RBI authorised to direct banks to start insolvency process in respect of a default The Government (Ministry of Law and Justice) has notified the Banking Regulation (Amendment) Ordinance, 2017 (No. 1 OF 2017) to further amend the Banking Regulation Act, 1949. It has come into force with immediate …