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 …
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 …
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