Getting an inter-creditor agreement is crucial for bad loan resolution, says Union Bank of India

CNBC-TV18 2019-06-10

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The Reserve Bank of India (RBI) eases the ‘one day default’ rule and replaces it with a 30-day grace period as it unveils new norms for resolution of stressed assets. Rajkiran Rai, MD and CEO of Union Bank of India shared his views and outlook.
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