PANAJI: Ahead of the notification of the one-time settlement (OTS) scheme, bankers said that action on the scheme can be taken only after receiving permission from the Reserve Bank of India (RBI). The Goa government, bankers pointed out, is eager to relieve the loan burden of barge owners, truck operators and mining machinery operators through the OTS scheme. But executing the scheme is not a straightforward process and is likely to take time from the bank end, they said. The Reserve Bank of India’s endorsement is crucial for co-operative banks too, said senior officials of state urban banks adding that once it is received, they will also have to seek consent from their shareholders. Co-operative banks have held several meetings with the government on .........
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