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RBI in its ‘Prudential Framework for Resolution of Stressed Assets’ (June 7, 2019), made clear that the borrowers who have committed frauds/malfeasance/wilful default will remain ineligible for restructuring.
India Business News: Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.Th
Days after the Reserve Bank of India (RBI) announced a framework for compromise settlements and technical write-offs among lenders, Congress leader Randeep Singh Surjewala on Monday slammed the centre over the scheme saying "after giving ...
RBI says compromise settlement will mean any negotiated arrangement with borrower to fully settle claims of RE against borrower in cash
The Rupay debit and credit cards are gaining increased acceptance abroad, said RBI Governor Shaktikanta Das while announcing the decisions of the MPC.