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Not willing to relax norms, RBI opts out of panel on stressed power assets
The RBI has shown its unwillingness to attend the meeting of the empowered committee to resolve stress in power sector. Their representatives did not attended first and second meeting of the panel held on August 31 and September 14, the source said. RBI has made its stand clear in courts that they would not relax the new framework to resolve bad loans. The RBI has maintained its stand in various courts, including the Supreme Court, and the matter is still sub-judice.
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