Niti Aayog calls for new regulations for bank loans’ repayment
CONTEXT:
- 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.
- The apex court had struck down the February 12 circular of the RBI on Non-Performing Assets.
- This move ensuring timely repayment and resolution of stressed assets is essential for long-term growth.