Cooperative banks face challenges on compromise settlements, say experts
The Framework for Compromise Settlements and Technical Write-offs introduced by the Reserve Bank of India may pose policy and regulatory
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Compromise settlements
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements
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Compromise settlements also need board nod: RBI
The RBI has put the onus of settling cases of wilful loan default on the board of directors of the
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