RBI/2011-12/73
DBOD No. CID.BC. 1/20.16.003/2011-12
July 1, 2011
- All scheduled commercial banks (excluding RRBs and LABs) and
- All India Notified Financial Institutions
Dear Sir,
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,
(Deepak Singhal)
Chief General Manager
Master Circular on ‘Wilful Defaulters’