Review of Circulars Issued to Private Sector Banks on Writing-off of Bad Debts/Losses, Compromise Proposals

Review of Circulars Issued to Private Sector Banks on Writing-off of Bad Debts/Losses, Compromise Proposals –Delegation of Powers https://www.taxtmi.com/news?id=4473 Two earlier circulars on writing-off bad debts and compromise settlements are withdrawn, but banks must continue to follow the 1995 guidelines and other relevant instructions. Private sector banks may frame their own write-off and compromise policies provided these policies obtain Board approval and remain consistent with the extant supervisory guidance. en-us Tue, 01 Jan 2013 18:47:16 +0530 Tue, 01 Jan 2013 18:47:16 +0530 TaxTMI RSS Generator Review of Circulars Issued to Private Sector Banks on Writing-off of Bad Debts/Losses, Compromise Proposals –Delegation of Powers https://www.taxtmi.com/news?id=4473 Two earlier circulars on writing-off bad debts and compromise settlements are withdrawn, but banks must continue to follow the 1995 guidelines and other relevant instructions. Private sector banks may frame their own write-off and compromise policies provided these policies obtain Board approval and remain consistent with the extant supervisory guidance. News - Tue, 01 Jan 2013 18:47:16 +0530 https://www.taxtmi.com/news?id=4473