GRI

Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters

News Financial services English Consultations
Date: 21st Sep, 2023 Source: Reserve Bank of India Country: India Original Source

Brief

Summary:

The Reserve Bank of India has published the draft Master Direction - Treatment of Wilful Defaulters and Large Defaulters. The document provides guidelines for regulating wilful defaulters and large defaulters. The draft direction outlines the procedures for identifying, classifying, and handling such defaulters. It also includes provisions for comments and feedback from stakeholders. The period for submission of feedback is from February 1, 2023, to October 31, 2023. The final Master Direction will be issued after considering the received feedback.

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Reserve Bank of India

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