RBI New Guidelines on One Time Settlements l Compromise Settlement l What is OTS? l 2023

RBI New Guidelines on One Time Settlements l Compromise Settlement l What is OTS? l 2023

The Reserve Bank of India (RBI) has recently introduced significant changes to the regulations governing one-time settlements (OTS) and technical write-offs of loans. The RBI has issued detailed guidelines aimed at streamlining the process and ensuring greater accountability in these areas for all regulated entities. The primary objective of the detailed guidelines provided by the RBI is to establish a comprehensive framework for OTS and technical write-offs. These guidelines aim to define the process, set precedents, and outline a graded framework for staff accountability, all within specific timelines. The guidelines also emphasize the need for a settlement policy that includes permissible sacrifices for different exposures and focuses on maximizing recovery while minimizing expenses.
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