https://www.taxtmi.com/article/detailed?id=11512 RBI permits compromise settlements and technical write offs for fraud accounts and wilful defaults under board approved policies, with cash settlements potentially involving sacrifice of claim amounts, a minimum cooling period before fresh exposure in non farm credit, and write offs that do not waive recovery rights. It also expands TReDS participation to insurance companies and factoring entities to hedge financier risk without charging MSME sellers, and allows fintechs to enter into default loss guarantee arrangements with REs under outsourcing relationships subject to an upfront capped cover. en-us Mon, 19 Jun 2023 10:08:52 +0530 Mon, 19 Jun 2023 10:08:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11512 RBI permits compromise settlements and technical write offs for fraud accounts and wilful defaults under board approved policies, with cash settlements potentially involving sacrifice of claim amounts, a minimum cooling period before fresh exposure in non farm credit, and write offs that do not waive recovery rights. It also expands TReDS participation to insurance companies and factoring entities to hedge financier risk without charging MSME sellers, and allows fintechs to enter into default loss guarantee arrangements with REs under outsourcing relationships subject to an upfront capped cover. Articles Other Topics Mon, 19 Jun 2023 10:08:52 +0530 https://www.taxtmi.com/article/detailed?id=11512