AMN / MUMBAI
Niti Aayog’s Chief Executive Officer Amitabh Kant has said that the government and the Reserve Bank will have to bring in a new set of regulations to ensure that borrowers repay their debt in time following the Supreme Court order.
On Tuesday, the apex court had struck down the February 12 circular of the RBI on Non-Performing Assets.
Speaking on the sidelines of a conference in Mumbai, Mr. Kant said such a move ensuring timely repayment and resolution of stressed assets is essential for long-term growth.