| Master Circular on Wilful Defaulters |
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RBI/2007-2008/59
DBOD
No.DL.BC.12928/20.16.003/2007-08
July
2, 2007
The
Chief Executives of i)
All scheduled commercial banks (excluding RRBs and LABs) and
ii)
All India Notified Financial Institutions
Dear
Sirs,
Master
Circular on Wilful Defaulters
As
you are aware, the Reserve Bank of India has, from time to time, issued a number
of circulars to banks and financial institutions (FIs) containing instructions
on matters relating to wilful
defaulters. In order to enable the banks/FIs to have all the existing instructions
on the subject at one place, this Master Circular has been prepared. The Master
Circular incorporates all the instructions/ guidelines issued on cases of wilful
default, which are operational as on date. The Master Circular has also been placed
on the RBI web-site (http://www.rbi.org.in).
Yours
faithfully,
(Vinay
Baijal)
Chief General
Manager
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