RBI defends compromise settlement, says lenders to exercise 'discretion' | Business News,The Indian Express
According to the RBI, the primary regulatory objective of the circular -- issued on June 8, 2023 -- is to enable multiple avenues to lenders to recover the money in default without much delay.
India Bank Employees Association India Bank Master Directions Master Circular Wilful Defaulters All India Bank Officer Confederation
Source: indianexpress.com