RBI to issue new guidelines soon

Mumbai: The Reserve Bank on Thursday asserted that the Supreme Court quashing its stressed asset resolution circular does not curtail its powers to get debt resolutions carried out, and announced that it will come out with a revised set of rules shortly.

The apex court quashing the February 12, 2018 RBI circular Tuesday has created widespread concerns on the future of stressed assets resolutions and the likely delays towards the same, apart from also reversing on the gains made on credit discipline in the last one year or so.