RBI's New Policy Targets Rising NPAs in Nationalized Banks; High Court Stresses Limited Judicial Review of Financial Policies.

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....Change in policy by RBI -The new policy appears to have been declared by RBI for the reason that the NPA, in the Nationalized banks, have touched almost 8 lakhs crores. - the financial exposure of the Petitioner company is more than ₹ 4000 crores - the financial policies and the financial matters, falling within the exclusive jurisdiction of the RBI, need not be scrutinized by the Court - HC....