Banks spooked after 2 recent SC rulings. Here’s why

Banks in the country are worried after two recent rulings passed by Supreme Court. The top court's decisions have threatened loan repayments to the tune of nearly Rs 50,000 crore. Here is all you need to know.

Banks in the country are worried after two recent Supreme Court (SC) rulings that have threatened loan payments to the tune of $6 billion or nearly Rs 50,000 crore. Bankers are holding informal talks to deal with the fallout from the two rulings — one in favour of Amazon in the Future-Reliance deal case and the other in the matter related to adjusted gross revenue (AGR) dues.