New Delhi, Nov 1 : The RBI has informed the Supreme Court that it has asked the banks, and financial institutions as well as the non-banking financial
“Reserve Bank of India has advised all the Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks), All Primary (Urban) Co-operative Banks/State Cooperative Banks/ District Central Co-operative Banks, All India Financial Institutions and All Non-Banking Financial Companies (including Housing Finance Companies) to be guided by the provisions of the scheme and take necessary actions within the stipulated timeline therein,” said an affidavit filed by the RBI through Assistant General Manager Prasanta Kumar Das.
