Tag Archives: RBI

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RBI to allow banks to classify priority loans as standard debt

MUMBAI: The Reserve Bank of India has assured banks that they can classify priority loans extended to defaulting companies in the bankruptcy process as standard debt in a move aimed at ensuring that entities which can be revived are able to raise resources, said people with knowledge of the

lawzmag.com

RBI opposes Tata-DoCoMo settlement

NEWS SCAN The Delhi High Court on directed the Reserve Bank of India (RBI) to decide by March 14 its position in the $1.18-billion arbitration award now sought to be enforced by Japanese telecom major NTT DoCoMo, in line with a settlement agreement reached with Indian conglomerate Tata Sons. Justice Muralidhar’s order