February 6, 2018 5:02 PM
Govt has no proposal to amend RBI Act, Banking Regulation Act to declare wilful default as criminal offence: FM Arun Jaitley
The government has no proposal to amend the Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949 to declare wilful default as a criminal offence. It is also not contemplating to set up fast track courts for trial of wilful defaulters, at present. <br/><br/>This was stated...