Striking a Balance: RBI Allows Compromise Settlements and Write-Offs for Defaulters and Fraud Companies with Precautions

Rashmi , Last updated: 16 June 2023  
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The Reserve Bank of India (RBI) has issued a circular stating that banks and finance companies can enter into compromise settlements or technical write-offs with wilful defaulters and companies involved in fraud. This means that these institutions can reach agreements with such debtors to settle the

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Published by

Rashmi
(business)
Category LAW   Report

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