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Tag "rbi circular"

SC nixes RBI circular on bad loans as ultra vires

SC nixes RBI circular on bad loans as ultra vires

🕔12:29, 2.Apr 2019

New Delhi, April 2  In a huge relief to the regulated sector, the Supreme Court on Tuesday struck down as ultra vires the controversial Reserve Bank of India (RBI) circular mandating resolution of loans of Rs. 2,000 crore and above

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UBI terms Kingfisher, Mallya wilful defaulters; airline protests

UBI terms Kingfisher, Mallya wilful defaulters; airline protests

🕔13:36, 2.Sep 2014

Kolkata, Sep 2  State-run United Bank of India (UBI) Monday declared the defunct Kingfisher Airlines, its promoter Vijaya Mallya and its three directors as wilful defaulters after they did not turn up for a meeting with its grievances redressal panel,

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