| Notification Detail :
RBI/2024-25/106
DoR.SIG.FIN.REC.56/26.03.001/2024-25
January 20, 2025
All Asset Reconstruction Companies (ARCs)
Dear Sir/ Madam,
Guidelines on Settlement of Dues of borrowers by ARCs
Please refer to paragraph 15 of the Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024 dated April 24, 2024 which prescribes guidelines on settlement of dues payable by the borrowers of the ARCs. On a review, it has been decided to revise these guidelines and the amended paragraph 15 of the Master Direction ibid is provided in the Annex.
2. This circular is issued in exercise of the powers conferred by Sections 9 and 12 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002). The revised provisions shall come into effect from the date of this circular.
3. Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024 is being updated accordingly.
Yours faithfully,
(J.P. Sharma)
Chief General Manager
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