The Supreme Court`s order, dated September 3, 2020, was operational on all lending institutions/banks throughout the country and was passed in favour of all borrowers accounts to grant relief from financial stress during the COVID-19 pandemic, Tiwari said in the petition.
Contempt of court pleas against RBI governor Shaktikanta Das, IBA s Sunil Mehta and others: Here is what happened freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
New Delhi [India], May 29 (ANI): A number of petitions have been filed before the Supreme Court seeking to initiate contempt of court proceedings against Reserve Bank of India (RBI) Governor, Shaktikant Das, Chief Executive of Indian Banks Association (IBA) and others for allegedly flouting the SC's earlier order, by turning and declaring the account of the petitioners as Non Performing Assets (NPA) in connection with the moratorium matter.
Read more about Banks need to monitor asset quality, prepare for higher provisioning: RBI on Business Standard. RBI also expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers