Power, banking stocks surge as SC quashes RBI order on NPAs
02 Apr 2019
Power and banking stocks rose after the Supreme Court on Tuesday struck down the Reserve Bank of India’s (RBI) February 12, 2018, circular on banks’ non-performing assets (NPAs), or bad loans The RBI circular had directed banks to refer any loan account above Rs 2,000 crore for proceedings under the Insolvency and Bankruptcy Code (IBC) if such an account is not resolved within 180 days of default.