The Reserve Bank of India (RBI) on June 08, 2023, notified regarding the Framework for Compromise Settlements and Technical Write-offs.
To provide further impetus to the resolution of stressed assets in the system as well as to rationalize and harmonize the instructions across all REs, as announced in the Statement on Developmental and Regulatory Policies released on June 8, 2023, it has been decided to issue a comprehensive regulatory framework governing compromise settlements and technical write-offs covering all the REs, as detailed in the Annex.
[Notification No. RBI/2023-24/40 DOR.STR.REC.20/21.04.048/2023-24]
