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RBI set to get more power to deal with stressed assets

RBI set to get more power to deal with stressed assets

Tuesday, April 4, 2017, 9:59 AM

The government plans legislation that will empower the Reserve Bank of India to deal much more effectively with stressed assets than before as part of a broader plan to resolve banks' bad loans, a long-festering issue that's been holding back the economy from achieving its full potential. The Centre may even issue an ordinance to enable RBI to direct banks.
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