All regulated entities (REs) will be required to put in place board-approved policies for undertaking compromise settlements, with the borrowers as well as for technical write-offs laying down the process to be followed for all compromise settlements and technical write-offs, with specific guidance on the necessary conditions precedent, the RBI has said in a notification.from Banking/Finance-Industry-Economic Times https://ift.tt/8C9QoS6
via IFTTT
No comments:
Post a Comment