Compromise Settlement
Recently, the Reserve Bank of India (RBI) issued a comprehensive regulatory framework governing compromise settlements and technical write-offs covering all the regulated entities (REs).
- The purpose is to allow wilful defaulters and loans accounts involved in frauds to go in for a compromise settlement with banks to settle their dues.
About Compromise Settlement
- It refers to a negotiated settlement where a borrower offers to pay and the bank agrees to accept in full and final, settlement of its dues an amount less than the total amount due to them under the relative loan contract.
- This settlement invariably involves a certain sacrifice ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Annual Survey of Services Sector Enterprises
- 2 Paste Fill Technology for Coal Mining
- 3 Multi Modal Logistics Park
- 4 Vizhinjam Seaport: India's First Deep-Water Container Transshipment Port
- 5 SEBI's Proposed Ease of Doing Business Measures for REITs and INVITs
- 6 Common Contract Note
- 7 Standing Deposit Facility
- 8 Green Municipal Bonds
- 9 M-CADWM Scheme Approved
- 10 Guidelines for Setting up Bio-Input Resource Centres
- 1 Open Market Sale Scheme
- 2 Government imposes Ceiling on Wheat Stocks
- 3 Multi-cap Mutual Fund
- 4 Public Issue of Shares
- 5 Credit Information Companies (Regulation) Act, 2005
- 6 First Loss Default Guarantee
- 7 Trade Receivables Discounting System
- 8 Sovereign Gold Bond Scheme 2023-24 (Series I)
- 9 Gas-based Economy
- 10 SAGAR SAMRIDDHI
- 11 India: 2nd Largest Producer of Crude Steel in the World
