Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore - RBI - Reserve Bank of India
Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore
February 05, 2004
RBI/2004/42 DBOD No. BP. BC 66 / 21.04.117/2003-2004 Chairmen and Managing Directors of all Public Sector Banks Dear Sir, Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore
2. In the context of requests received for extending the time limit for operation of the guidelines, it has been decided, in consultation with the Government of India, that applications for one time settlement of chronic NPAs of public sector banks up to Rs. 10 crore may be received up to 31st July 2004. Consequently, the last date for processing applications received up to 31st July 2004 would also be extended to 31st October, 2004. 3. Please acknowledge receipt. Yours faithfully, Sd/- (C. R. Muralidharan) Chief General Manager-in-Charge
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