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

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..... ars 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 .....

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..... Director/Chief 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 .....

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..... dated August 13, 1993 and DBOD.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, .....

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..... continue tobe guided by the 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 .....

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..... policy on writing-off of bad debts and compromise settlements, with the approval of Board of Directors. Yours faithfully, (Deepak Singhal) Chief General Manager-in-Charge - News - Press .....

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..... release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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