Skip to main content

RBI may let wilful defaulters shed label after settlement https://ift.tt/jVP8Q6K

The Reserve Bank of India (RBI) has issued a draft master direction on the treatment of wilful defaulters, allowing borrowers to remove the tag by reaching a compromise settlement with banks. The new rules aim to provide a transparent procedure for classifying borrowers as wilful defaulters while complying with the principles of natural justice. However, some criminal cases may lose ground as a result.

from Times of India https://ift.tt/BHjQCzg
Labels:

Comments

Post a Comment

Popular posts from this blog

Who is Nicole Osbourne? Inside Anthony Joshua’s split and co-parenting https://ift.tt/jrKHYQR

Boxer Anthony Joshua's personal life draws attention. His son's mother, Nicole Osbourne, a dancer and yoga instructor, shares co-parenting duties. They maintain a respectful relationship focused on their son Joseph. Joshua's career demands often kept him away, contributing to their split. He remains dedicated to fatherhood amidst ongoing boxing discussions. from Times of India https://ift.tt/IxmCXUE
Post a Comment
Read more