SC declines to entertain plea seeking guidelines to tackle rising NPAs in banking sector

By ANI | Published: October 7, 2021 11:53 AM2021-10-07T11:53:39+5:302021-10-07T12:00:02+5:30

The Supreme Court on Thursday declined to entertain a plea filed by BJP MP Subramanian Swamy seeking direction to frame guidelines to deal with the ever-increasing Non-Performing Assets (NPA) in the banking sector.

SC declines to entertain plea seeking guidelines to tackle rising NPAs in banking sector | SC declines to entertain plea seeking guidelines to tackle rising NPAs in banking sector

SC declines to entertain plea seeking guidelines to tackle rising NPAs in banking sector

The Supreme Court on Thursday declined to entertain a plea filed by BJP MP Subramanian Swamy seeking direction to frame guidelines to deal with the ever-increasing Non-Performing Assets (NPA) in the banking sector.

The Apex Court disposed of the plea and told Swamy that it's a policy matter to be decided by the government and Reserve Bank of India (RBI).

The Court allowed Swamy to make representation before the RBI.

( With inputs from ANI )

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