The respondents, Reserve Bank of India (RBI) Governor, Shaktikant Das, Chief Executive of Indian Banks Association (IBA) were duty-bound to promulgate and ensure the compliance of the order of this court throughout the country but they deliberately didn t, the petition says.
FTCCI seeks immediate support finance, other relief measures for MSMEs
May 28, 2021
Seeks new scheme on the lines of Emergency Credit Line; revisit criteria for NPA classification
Following the second wave of Covid-19 leading to lockdown in several states, the industrial sector, particularly MSMEs, which are passing through a critical time, has sought financial support and other relief measures.
At a meeting organised by the Federation of Telangana Chambers of Commerce and Industry to deliberate on the problems confronting MSMEs, various issues were discussed, and they decided to submit representations to the Finance Minister and Governor of the RBI seeking relief.
City Union Bank (CUB) on Friday reported net profit at ₹111.18 crore for the quarter ended March 31. The private sector lender had reported a net loss at ₹95.29 crore during corresponding quarter prev