(ET)
The Reserve Bank of India has refused to be part of the cabinet secretary-led panel set up by the PMO in July to resolve issues of the stressed thermal power sector. Officials said the RBI has formally communicated to the government that the matter is sub judice and that its well-known views on handling loan defaults have already been articulated on many forums in the past. RBI kept away even as lenders and private companies expect the banking regulator to clarify on treatment of stressed assets till the next date of hearing on November 14 in Supreme Court, which has ordered a status quo until then.
