Parliamentary panel calls for restoration of financial credit instruments with proper safeguards

Voicing concern over discontinuation of LoU/ LoC that is impinging trade and commerce in labour intensive and MSME Sectors, the Panel expressed concern on the absence of any prescribed norms for resolutions of NPAs due to quashing of RBI Circular dated February 12, 2018 by Supreme Court: Recommends a realistic framework for resolution of stressed assets.

from Banking/Finance-Industry-Economic Times https://ift.tt/34awa10