RBI Circular on Wilful Defaulters is for Balancing Recovery or Accountability? – By Snehaashish Pathak
On June 8, the Reserve Bank of India (RBI) issued a circular that has sparked controversy regarding wilful defaulters and their ability to enter into compromise settlements or technical write-offs with banks and finance companies. While the RBI aims to maximize recovery and minimize bank costs, concerns have been raised about the potential leniency towards […]
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