Indian governor says court defeat will not stop stressed asset resolution
Governor says RBI may issue a revised circular after adverse legal ruling
The governor of the Reserve Bank of India (RBI) says it remains committed to dealing with the Indian banking system’s high level of stressed assets despite an adverse ruling from the Supreme Court.
“We remain committed to not only maintain but also to speed up, to enhance the momentum of resolution of stressed assets in the banking sector,” said Shaktikanta Das during a press conference today (April 4).
In a separate statement, the governor said the central bank “will take necessary steps
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