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

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....eview of Circulars Issued to Private Sector Banks on Writing-off of Bad Debts/Losses, Compromise Proposals –Delegation of Powers <br>News and Press Release<br>Dated:- 1-1-2013<br><BR>Review of Circu....

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....lars Issued on Writing-off of Bad Debts/Losses, Compromise Proposals - Delegation of Powers RBI 2012-13/357 DBOD.No.BP.BC- 68/21.04.048/2012-13 January 1, 2013 The Chairman and Managing Director/C....

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....hief Executive Officer of All Scheduled Commercial Banks in Private Sector (excluding Foreign Banks) Dear Sir, Please refer to our circular DBOD.No.BC.148/16.13.100/93 dated August 13, 1993 and DB....

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....OD.No.Fol.BC.70/C.581/89 dated February 8, 1989 on the captioned subject. 2. On a review, it has been decided to withdraw the abovementioned circulars. Banksmay, however, continue tobe guided by the ....

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....guidelines contained in our circular DBOD.No.BP.BC.81/21.01.040/95 dated July 28, 1995 and other relevant instructions in this regard. They may accordingly frame their own policy on writing-off of bad....

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.... debts and compromise settlements, with the approval of Board of Directors. Yours faithfully, (Deepak Singhal) Chief General Manager-in-Charge<BR> News - Press release - PIB....