DBOD.
No. BP. 1522/ 21.04.132/ 2006-07 June
21, 2007 All Commercial
Banks (excluding RRBs & LABs) Dear
Sir, Prudential
Guidelines on Restructuring/ Rescheduling of dues by banks – Draft Guidelines Pursuant
to the Annual
Policy Statement for the Year 2006-07, a Working Group was constituted to
review and align the existing guidelines on restructuring of advances, other than
under debt restructuring mechanisms, on the lines of provisions under the revised
CDR mechanism. The Working Group’s report was placed in public domain vide our
letter DBOD.No.BP.1316/
21.04.132/ 2006-07 dated April 23, 2007 seeking feedback / comments. 2. On
the basis of the recommendations made by the Working Group and the feedback received,
the prudential guidelines on restructuring/ rescheduling have been prepared and
are being issued as a draft for comments / feedback. The draft guidelines
furnished in the Annex
will be open for comments for a period of fifteen days from the date of this letter.
Comments on the draft guidelines may please be addressed to the Chief General
Manager-in-Charge, Department of Banking Operations & Development, RBI, 12th
floor, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001 (Fax – 91-22-22705691).
The comments may please be sent by e-mail
also. Yours
faithfully, (Prashant
Saran) Chief General
Manager-in-Charge |