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RBI Simplifies Regulatory Norms for Compromise Settlements

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The RBI has issued guidelines on 'compromise settlements and technical write-offs' to promote transparency. FAQs clarify the circular's provisions.

India’s Bank Unions Urge RBI to Repeal Compromise Settlement for Deliberate Defaulters

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India's largest bank unions urge RBI to withdraw decision on compromising with wilful defaulters, stating it risks damaging the banking system's integrity.

RBI permits financial institutions to settle loans with wilful defaulters through compromise settlement

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The Reserve Bank of India allows banks to settle loans of wilful defaulters under compromise settlements or technical write-offs. Get to know more about it here.

Centre Preparing to Provide Safe Settlement for Fugitives: Congress Alleges

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The Indian National Congress slams government's new settlement framework, accusing it of giving safe passage to economic criminals & fugitives. Will bank fraud no longer be considered a crime? Learn more about the Reserve Bank of India's new framework.

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India’s Bank Unions Urge RBI to Repeal Compromise Settlement for Deliberate Defaulters

Business 0
India's largest bank unions urge RBI to withdraw decision on compromising with wilful defaulters, stating it risks damaging the banking system's integrity.

Centre Preparing to Provide Safe Settlement for Fugitives: Congress Alleges

Politics 0
The Indian National Congress slams government's new settlement framework, accusing it of giving safe passage to economic criminals & fugitives. Will bank fraud no longer be considered a crime? Learn more about the Reserve Bank of India's new framework.

RBI permits financial institutions to settle loans with wilful defaulters through compromise settlement

Business 0
The Reserve Bank of India allows banks to settle loans of wilful defaulters under compromise settlements or technical write-offs. Get to know more about it here.

India’s Central Bank Allows Default Loss Guarantee Arrangements in Digital Lending

Business 0
The RBI will develop regulatory guidelines for the first loss default guarantee (FLDG) arrangements in the digital lending industry. This move follows consultations with stakeholders, as the RBI aims to balance innovation with practicality of regulated entities. Additionally, there will be regulatory frameworks governing compromise settlements and technical write-offs for all lenders. These frameworks will mitigate financial risks while providing consistency to lenders. Detailed plans will follow.

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