The RBI circular permitting banks to enter into a one-time settlement with wilful defaulters poses a significant risk to the stability of financial institutions in the country, the CPI MP Binoy Viswam has said. In a letter to Union Finance Minister Nirmala Sitharaman, Viswam said that by offering lenient settlement terms to individuals and entities that have deliberately evaded their repayment obligations, the circular undermines the fundamental principles of responsible lending and borrower accountability. "I write to you to express my deep apprehensions regarding the circular issued by the Reserve Bank of India (RBI) permitting banks to enter into a one-time settlement (OTS) with wilful de
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