K V Kamath Committee Recommendations Upsc
The supreme court asked the centre and the rbi on monday to place on record the k v kamath committee recommendations on debt restructuring in view of covid 19 related stress on various sectors as.
K v kamath committee recommendations upsc. Stay tuned for more. In august this year rbi set up a committee headed by k v. Kamath to make recommendations on norms for the resolution of covid 19 related stressed loans.
Recommendations made by the committee. Why in news the reserve bank of india rbi has set up a committee headed by k v. The panel undertook the process validation for the resolution plans to be implemented under this framework in respect of all accounts with aggregate exposure of rs 1500 crore and above at the time of invocation.
September 8 2020 the reserve bank have accepted the recommendations of the kv kamath committee on resolution framework for covid19 related stress which was submitted by panel on september 4 2020. The committee is tasked to recommend parameters for one time restructuring of corporate loans. Kamath on restructuring of loans impacted by the covid 19 pandemic.
The committee was tasked to recommend parameters for one time restructuring of corporate loans. In this podcast we speak about the topic kv kamath committee recommendations. On august 7 the rbi had announced the constitution of a panel under the chairmanship of veteran banker k v kamath to make recommendations on the required financial parameters to be factored in under the resolution framework for covid19 related stress along with sector specific benchmark ranges.
Kv kamath committee recommends 26 sectors for loan restructuring scheme published. The supreme court on 5 october 2020 asked the centre and the reserve bank of india to place on record the k v kamath committee recommendations on covid 19 related debt restructuring opening a new di. Reserve bank of india has broadly accepted the kv kamath committee s recommendations.
