RBI's Revised Framework For Compromise Settlements And Technical Write-offs Compromise The Integrity Of The Banking System- Does It Incentivise Corporate Fraud?
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Source: countercurrents.org
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RBI must repeal notification allowing banks to undertake compromise settlement of wilful defaults: Cong
Addressing a press conference at the AICC headquarters here, AICC secretary Vineet Punia and Congress leader Amitabh Dubey said the financial burden on this country from fraud and wilful defaults has been severe.
Source: indianexpress.com
Cong slams govt over RBI policy change to settle loans of wilful defaulters
Congress on Wednesday slammed the Centre after RBI brought in a policy that allows banks to settle loans of accounts classified as "wilful defaulters" by entering into compromise settlements
Source: business-standard.com
Congress questions RBI's new policy to settle loans of "wilful defaulters"
Congress on Wednesday slammed the Centre after the Reserve Bank of India (RBI) brought in a policy that allows banks and finance companies to settle loans of accounts classified as "wilful defaulters" by entering into compromise settlements or technically writing off the loans, and asked why it has changed its own rules with regards to frauds.
Source: ibtimes.co.in