It has been decided to issue a comprehensive regulatory framework governing compromise settlements and technical write-offs covering all the REs
The provisions of this framework shall be applicable to all REs to which this circular is addressed and shall be without prejudice to the provisions of the Prudential Framework, or any other guidelines applicable to the REs on resolution of stressed assets.
Link: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12513&Mode=0
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