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Common rules for lookout circular on defaulters in works

A bank executive said any such framework will also need approval from the Reserve Bank of India to ensure there are no breaches of regulatory norms. "That discussion is also on," he said. In 2018, the government included the chairman, chief executive officers and managing directors of public sector banks in the list of individuals who could seek the issuance of LOC against offenders to prevent their escape from the country. ....

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Public funds for bank recapitalisation only as last resort: CB Governor - Breaking News

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Public funds for bank recapitalisation only as last resort: CB Governor - Business Main

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