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Articles for Sashakt

RBI's new framework to expedite resolution of stressed assets: Sashakt committee on bad loans
5 years, 7 months ago

RBI's new framework to expedite resolution of stressed assets: Sashakt committee on bad loans

Firstpost  

The Reserve Bank on Friday had replaced a tough norm on NPA categorisation by lenders, as it was quashed by the Supreme Court in April New Delhi: The mandatory norm of inter-creditor agreement allows banks to decide resolution strategy outside the IBC and it will help lenders to accelerate process to resolve stressed assets, Sashakt committee on bad loans said …

Resolution Bank Rbi Banks Framework Sbi Bad Loans
Opinion | Sashakt will not solve the NPA problem
6 years, 5 months ago

Opinion | Sashakt will not solve the NPA problem

Live Mint  

“When I told my doctor that I couldn’t afford the operation, he offered to touch up my X-rays.” This sort of sums up the thrust of the government-appointed Sunil Mehta committee report for yet another structured solution to the non-performing assets plague afflicting our economy. Sensing this in its asset quality reviews, the Reserve Bank of India coerced all banks …

Resolution Assets Crore Nclt Sector Rbi Banks
Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt
6 years, 5 months ago

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt

Firstpost  

ICA to aid banks, financial institutions fighting bad loans that are sniffing at 12 percent of the system, to take concerted efforts towards resolving dud loans under Rs 500 crore. Nearly two dozen lenders, led mostly by state-run banks, on Monday, signed the inter-creditor agreement framework to speed up the resolution of stressed assets that are under the Rs 500 …

Resolution Assets Agreement Crore Sign Framework Lenders
Project Sashakt: Banks finalise inter-creditor agreement to fast track non-performing asset resolution
6 years, 6 months ago

Project Sashakt: Banks finalise inter-creditor agreement to fast track non-performing asset resolution

Firstpost  

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 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 …

Agreement Project Mehta Banks Ica Pnb Npa
Project Sashakt: Five-point formula for resolution of bad loans at PSU banks
6 years, 6 months ago

Project Sashakt: Five-point formula for resolution of bad loans at PSU banks

Hindustan Times  

Finance minister Piyush Goyal unveiled ‘Project Sashakt’, a five-prong strategy to deal with non-performing assets. Goyal clarified that no proposal was put forth to create a bad bank to deal with the rising NPAs, adding that independent AMCs and steering committees would be set up for faster resolution of bad loans in the banking system. The committee of bankers, led …

Credit Resolution Bank Loans Banks Set Bad Loans
Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?
6 years, 6 months ago

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?

Firstpost  

Should one be excited about the Narendra Modi government’s new bad loan resolution plan, Sashakt? Dumping all bad loans into one entity with no clear resolution plan was like putting together several tiny explosive materials to build a big bomb. On the face of it, the thrust of ‘Project Sashakt’, based on the recommendations of the Sunil Mehta-led panel, unlike …

India Plan Amc Stressed Stressed Assets Sashakt Resolution Market