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Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: RBI guv

RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated entities including cooperative lenders will now be able to execute "compromise settlements and technical write-offs" to resolve non-performing assets, Das said. ....

Foreign Exchange Management Act , Default Loss Guarantee , Digital Lending , Bharat Bill Payment System , Small Finance Banks , Notice Money Markets , Rbi News , Inancial News , Urban Cooperative Banks , Shaktikanta Das , Foreign Exchange Management Act ,

Cooperative banks will soon be able to write-offs NPAs: Shaktikanta Das

Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated entities including cooperative lenders will now be able to execute "compromise ....

Monetary Policy , Bank Governor Shaktikanta Das On , Foreign Exchange Management Act , Reserve Bank Governor Shaktikanta Das , Default Loss Guarantee , Digital Lending , Bharat Bill Payment System , Small Finance Banks , Notice Money Markets ,