The Indian economy was not in good shape even before the Covid-19 outbreak, which has only made things worse. The report by the Reserve Bank of India (RBI) committee of experts on a resolution framework, headed by former ICICI Bank chief KV Kamath, makes this clear. The report notes that …
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The long-awaited recommendations from the Restructuring Expert Committee of the Reserve Bank of India (RBI) have largely received the nod from analysts, albeit with some reservations. The committee, led by KV Kamath, presented its recommendations Monday night that span 26 sectors and has set thresholds for five indices that banks …
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NEW DELHI: Companies in sectors such as retail and wholesale, textile and engineering, which were repaying loans before the Covid crisis, can expect easier repayment terms while NBFCs, energy, steel and real estate business who were struggling even before the crisis may have to face the pain of recovery action. …
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MUMBAI: The RBIRules on corporate loans restructuring they are likely to exclude a large number of companies bankers expect advances worth just Rs 2-3 lakh crore will qualify for recast. A five-member committee headed by KV Kamath, set up by the RBI to examine the parameters within which restructuring may …
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