Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.The RBI's recent 'framework for compromise settlements and technical write-offs' is a detrimental step that may compromise the integrity of the banking system and undermine the efforts to combat wilful defaulters effectively, unions said in a joint statement.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lQ4brCT
Subscribe to:
Post Comments (Atom)
Why 2 spice cos are in global regulatory soup
The spice industry is facing growth challenges due to regulatory actions against MDH and Everest brands for ethylene oxide contamination. Bo...
-
A woman, in her early 20s, was stabbed to death by a man in southeast Delhi's Bhogal area on Friday evening, following which the accused...
-
The Delhi High Court on Thursday dismissed the pleas of TTV Dhinakaran and VK Sasikala challenging the Election Commission's order grant...
-
Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with...
No comments:
Post a Comment