Supreme Court order on AGR dues: Das says will discuss internally if any issues arise out of it
RBI Governor Shaktikanta das will have internal discussions regarding any issues of AGR dues arising out of Supreme court.
RBI Governor Shaktikanta Das on Saturday said it will have internal discussions in case there are any issues arising out of the Supreme Court order regarding AGR dues.
On Friday, the Supreme Court threatened contempt proceedings against top executives of Bharti Airtel, Vodafone Idea and other telecom firms for failing to comply with its directive to pay an estimated Rs 1.47 lakh crore in past dues.
See Zee Business live streaming below:
Das did not offer any specific comments about the order, which might have ramifications on banks in terms of their exposure to the financially-stressed telecom companies.When asked about the order, Das said it would be internally deliberated upon, if at all there are issues arising out of it.
On Friday, State Bank of India (SBk up in the coming months.
Finance Minister Nirmala Sitharaman, who also addressed the board, said the finance ministry was monitoring banks on credit flow to the agriculture sector.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.