Banking Vittarth

Debt restructuring framework

Bank moratorium was a temporary solution to respond to coronavirus lockdown, responding to which RBI provided a broad contours of one-time loan restructuring plan and set up a five-member expert committee headed by veteran banker KV Kamath, former chairman of ICICI bank to recommend the sector specific benchmark ranges for financial parameters to be factored into resolution plan for borrowers.

The banking brief put emphasis on the key committee’s recommendations regarding the five financial ratios and sector specific thresholds in respect of 26 sectors while finalizing the resolution plan.

Credits: Aditya Patil , Tanya Srivastava , Shivani Agrawal

#RBI#Banking#Vittarth#Finance#Credit#Risk#Covid#Bank_Moratorium#Loan_Restructuring#Economy#NIBM#NPA#resolution#restructuring

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