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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wilful defaulters
Wilful defaulters may get loans after 5 years of settlement
Banks will be allowed to extend loans to wilful borrowers and defaulters after five years of a compromise settlement and
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Immigration asked to stop wilful defaulters from leaving country
Ministry of Home Affairs directed the Bureau of Immigration not to allow promoters of companies that have defaulted on their
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