April 4, 2019 2:01 PM

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Niti Aayog calls for new regulations for bank loans' repayment

<span style="color: #222222;">Niti Aayog's Chief Executive Officer Amitabh Kant has said that the government and the Reserve Bank will have to bring in a new set of regulations to ensure that borrowers repay their debt in time following the Supreme Court order. <br />''<br />''On Tuesday, the apex court had struck down the February 12 circular of the RBI on Non-Performing Assets. <br />''<br />''Speaking on the sidelines of a conference in Mumbai, Mr. Kant said such a move ensuring timely repayment and resolution of stressed assets is essential for long-term growth.</span><br />

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