Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement. On whether the RBI has introduced a new clause permitting lenders to enter into compromise settlement with borrowers classified as fraud or wilful defaulters, the central bank's FAQs said "No".from Banking/Finance-Industry-Economic Times https://ift.tt/Fj8LXiK
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