wilful defaulters

Bank unions oppose RBI’s decision to allow compromise settlement for wilful defaulters

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Bank unions oppose RBI’s decision to allow compromise settlement for wilful defaulters

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 compromise settlements and technical write-offs’ is a detrimental step that may compromise the integrity of the banking system and undermine … Read more

CEA to banks: Play like Dhoni’s team for global success instead of 90s’ ‘tigers at home but lambs abroad’

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CEA to banks: Play like Dhoni’s team for global success instead of 90s’ ‘tigers at home but lambs abroad’

The CEA urged banks to invest in technology to “defeat the nefarious designs of the wilful defaulters.” Chief Economic Advisor (CEA) Krishnamurthy V Subramanian on Sunday urged the Indian banking sector to perform like now-retired Mahendra Singh Dhoni’s team which “went and achieved success everywhere in the world” instead of the 1990s team which was … Read more