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Prudential Framework for Resolution of Stressed Assets: New Dispensation for dealing with NPAs

June 11, 2019[2019] 106 taxmann.com 93 (Article)
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With the 12th Feb., 2018 having been struck down by the Supreme Court, the RBI has come with a new framework, in form of Directions, with enhanced applicability covering banks, financial institutions, small finance banks, and systematically important NBFCs. The Directions apply with immediate effect, that is, 7th June, 2019.
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