Compromise

The arrest of Tamil Nadu Electricity, Prohibition and Excise Minister V. Senthil Balaji by the Enforcement Directorate (ED) today comes in a case of jobs for cash going back several years which has seen many twists and turns, including a…

Represenatational image | Photo Credit: G. Ramakrishna 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…

NEW DELHI: 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'…

<!-- -->RBI made clear borrowers who committed fraud will remain ineligible for restructuringNew Delhi: Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under…

<!-- -->RBI has allowed banks to go for compromise settlement of fraud accounts and wilful defaults. (File)Mumbai: In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for…

The objective would be to maximise the possible recovery from a distressed borrower at minimum expense, in the best interest of the Regulated Entity, the RBI has said in a notification. File | Photo Credit: PTI In order to ensure maximum…

Till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank finance companies.RBI has decided to widen the scope of the framework for resolution of stressed assetsReserve Bank…

Reserve Bank of India Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers.RBI has decided to widen the scope of the…

Bajrang Punia along with several top wrestlers…

Hackers are infecting routers to establish a framework—which will facilitate a 'larger goal.'If you have an internet router that is not up to date or obsolete, you may want to be careful—as a new report claims that Chinese hackers are…