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Bombay HC Stays Operation of RBI s 2016 Master Directions on Bank Fraud

The Bombay High Court (HC) has stayed, till 11 September 2023, the effects of master directions issued by the Reserve Bank of India (RBI) on fraud classification and reporting by commercial banks. A division bench of Justice GS Patel and Justice Neela Gokhale stayed the effects of RBI master directions until it hears petitions challenging the directions.

Compromise settlement provides ways to lenders to recover lost money: RBI

The Reserve Bank of India (RBI) said on Tuesday that a "compromise settlement" with borrowers aims to enable multiple avenues to lenders to recover the money in default without much delay.

Amid Opposition From Unions, RBI Says Compromise Settlement With Wilful Defaulters Not New

While some reports had said that wilful defaulters can now get a new loan after 12 months of executing a compromise settlement, the RBI said this was not the case.

RBI defends compromise settlement, says lenders to exercise discretion | Business News,The Indian Express

Compromise settlement is not available to borrowers as a matter of right: RBI

Compromise settlement is not available to borrowers as a matter of right: RBI
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