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Project Sashakt: Banks finalise inter-creditor agreement to fast track non-performing asset resolution
FirstpostThe agreement, a part of Project Sashakt, will be taken to boards of respective banks and would be cleared in a couple of days, said PNB non-executive chairman Sunil Mehta New Delhi: With a view to fast track NPA resolution, bankers on Thursday finalised the inter-creditor agreement framework that envisages effective communication among lenders. The agreement, a part of Project Sashakt, will be taken to boards of respective banks and would be cleared in a couple of days, said PNB non-executive chairman Sunil Mehta after the meeting. Giving further details, Mehta said inter-creditor agreement is a building block as “we implement various options”. “The way we had articulated project Sashakt, this is really for multi banking arrangement, that is the whole idea of having inter-creditor agreement,” the PNB official said.
History of this topic
On Approval Of Plan By MSME Directors, They Will Be Treated As New Owners: NCLT Mumbai
Live Law)
NPA resolution: Sunil Mehta-led panel to issue operational guidelines for inter-creditor agreement
Firstpost
Opinion | Sashakt will not solve the NPA problem
Live Mint)
Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt
Firstpost
Project Sashakt: Five-point formula for resolution of bad loans at PSU banks
Hindustan Times)
Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?
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