Concept Papers for the Reserve Bank of India

By Nichalp CC2.5

Vidhi has the mandate of preparing Concept Papers for the Reserve Bank of India in critical areas of law reform. This includes

1. Disciplining wilful defaulters

2. Empowering the RBI in relation to resolution of failed or failing banks

3. Resolution of the problems concerning non-performing assets in the banking sector

4. Improving the consumer financial protection regime.

Recommendation made by us in our report on 'Devising better legal mechanisms for identifying and disciplining wilful defaulters and deterring wilful defaults' were incorporated to bring about substantive changes in the RBI's Master Circular on Wilful Defaulters