Thursday, February 21, 2013

SC seeks details of banks’ loan waivers


The Reserve Bank of India (RBI) is expected to provide by Friday details of loans waived off by banks or allowed one-time settlements above Rs 10 crore by them, following a Supreme Court direction to this effect last month. Such information, collected by RBI on the basis of annual financial inspections, is to be furnished in a sealed cover as the central bank is reluctant to put it in the public domain.........

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