Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters
The gap between the IBC's intended purpose and its real-world uses raises worries about the overall economic impact.
RBIās āfreebiesā for wilful defaulters makes a mockery of the banking system
Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank has allowed for write-offs and compromise settlements for even frauds and wilful...
Bank Unions AIBOC, AIBEA Oppose RBI’s Decision to Allow Compromise Settlement for Wilful DefaultersĀ
All India Bank Officersā Confederation and All India Bank Employees Association, criticised the recent move by the Reserve Bank of India (RBI) to allow Banks/lenders to settle loans of wilful defaulters under compromise settlement.
Random Reflections-The Tamasha about Write off, Waive off and the Reality
When COVID-19 cases are increasing, people are waiting for relief package every day, states are begging the Centre for release of GST share, permit more loans, allow RBI to lend to states at repo...
The Gospel on Wilful Defaulters, According to RBI
The Reserve Bank of India, in 2015, issued a Master Circular on Wilful Defaulters, which starts with Introduction: āPursuant to the instructions of the Central Vigilance Commission for collection of information on wilful defaults...