RBI Issues Guidelines for Regulated Entities on Debt Relief Schemes to Ensure Financial Discipline
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- Last Updated on 4 January, 2025
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Circular No. RBI/2024-25/100 DOR.STR.REC.54/21.04.048/2024-25, Dated 31.12.2024
RBI issues Debt Relief Schemes (DRS) to ensure that Regulated Entities maintain financial discipline while addressing prudential concerns, moral hazards, delays, and claim mismatches in government-backed relief programs. DRS should be a last resort, with full funding provided upfront. These guidelines are issued in consultation with the State Level Bankers’ Committee and District Consultative Committee, ensuring effective and well-designed government relief programs.
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