RBI wants lenders to identify 'wilful defaulters' within 6 months
Wilful defaulters will not be eligible for restructuring of the credit facility.
wilful defaulters
September 2023
July 2023
June 2023
Why independent directors are jittery over RBI directive
RBI has placed responsibility of settling cases of wilful defaulters with supervising office (board) against earlier practice where responsibility lay with operating office (managing committee).
Compromise settlement not new; regulatory stance there for over 15 yrs: RBI
After latest framework on compromise settlements, technical write-offs, the RBI says it’ll not "dilute" earlier penal measures
The flip-side of RBI's "compromise settlement" formula for stressed asset
Banking system needs more stringent stressed asset management norms and tighter regulatory oversight, rather than ‘compromise settlements' with willful defaulters causing the stress
