RBI has published draft guidelines for classification of Wilful Defaulters:
1) Earlier RBI did not have a specific timeline within which a borrower should be declared a wilful default once a loan has turned NPA (i.e. a default has happened) 2) Wilful defaulters are those (Individuals & Companies) who have the ability to pay a bank’s (or NBFCs) dues but do not or divert bank …
RBI has published draft guidelines for classification of Wilful Defaulters: Read More »