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Banks Push for In-Person Hearings to Tackle Defaulting Borrowers: RBI Considers New Approach, India

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Commercial banks in India propose in-person hearings with defaulting borrowers to improve recovery chances. RBI considers new approach.

Jet’s Goyal and Wife Granted Relief by High Court in Wilful Default Case

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Get the latest on the Bombay High Court's interim relief for Jet Airways founder Naresh Goyal and his wife Anita, challenging their categorization as wilful defaulters. Court ruling to impact future defaults.

RBI’s One-Time-Settlement with Wilful Defaulters Could Put Banks at Risk, Warns Binoy Viswam

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CPI MP Binoy Viswam expresses concern over RBI circular on settlement with wilful defaulters, warning of risks to India's financial institutions and a culture of impunity.

RBI introduces no new clause in rule

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The Reserve Bank of India clarifies that there is no new clause allowing banks to settle with wilful defaulters. The recent circular does not dilute penal measures and compromise settlements are at lenders' discretion.

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RBI introduces no new clause in rule

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The Reserve Bank of India clarifies that there is no new clause allowing banks to settle with wilful defaulters. The recent circular does not dilute penal measures and compromise settlements are at lenders' discretion.

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.

RBI’s One-Time-Settlement with Wilful Defaulters Could Put Banks at Risk, Warns Binoy Viswam

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CPI MP Binoy Viswam expresses concern over RBI circular on settlement with wilful defaulters, warning of risks to India's financial institutions and a culture of impunity.

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