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The Resource Page

This page has links to downloadable resources that prospective clients may find useful and informative. Natasha Consultants accepts no liability on the accuracy or veracity of this information. Wherever possible, this information has been selected from government or reputed websites, like that of the Reserve Bank of India.

Viewers are advised to verify the the authenticity of this information for themselves. Some of these resources need a PDF viewer. You can click here to download a free viewer from Adobe. 

bullet The Banking Ombudsman Scheme : A quick solution for the settlement of disputes between banks and their customers.
bullet The RBI "One Time Settlement Scheme": A non-discrimnatory, non-discretionary guideline for the settlement of NPAs with banks. The first scheme was announced in May 2000, with a classification cut-off date of 31 March 1997.
bulletThe RBI "One Time Settlement Scheme" II: A second OTS scheme announced in 2001 extended the classification cut-off date to 31 March 2000.
bullet Asset Classification Norms of the RBI : [85kb download] These norms direct banks in India on the criteria for Income Recognition and classification and provisioning of default / delinquint accounts (NPAs).
bullet Settlements via Lok Adalats : RBI's directive to banks for settlement through Lok Adalats of small delinquint accounts in the range of Rs. 5 Lakhs as the original borrowing and Rs. 10 Lakhs when enhanced.
bulletThe Securitisation Ordinance: This 'draconian' ordianance, now law, is the one of the borrowers worst fears. Click here to also read some commentary.
bulletProsecution of Directors: Read this to get an insight of the laws relating to prosecution of individual company directors.
bulletInsolvency in India: And you thought that bankruptcy protection in India does'nt exist?