K V Kamath Committee Report Upsc
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.
K v kamath committee report upsc. The committee is tasked to recommend parameters for one time restructuring of corporate loans. Kamath committee s recommendations to rbi the reserve bank of india rbi on 4th sept set up a 5 member expert committee under banker k v. Kamath led committee released its report on monday web desk september 07 2020 23 38 ist the committee appointed by the reserve bank of india rbi on monday released its report on loan restructuring as part of the resolution framework for covid 19 related stress identifying 26 sectors that lending institutions should consider when determining resolution plans for borrowers.
Kamath to make recommendations on norms for the resolution of covid 19 related stressed loans. The committee will submit its recommendations to the rbi which will notify them along with modifications if any in 30 days. The supreme court recently asked the centre and the reserve bank of india about the steps taken to implement the k v.
The reserve bank of india rbi on friday set up an expert committee under veteran banker k v kamath to suggest financial parameters for resolution of coronavirus related stressed assets. Kamath on restructuring of loans impacted by the covid 19 pandemic. The supreme court on monday asked the centre and the reserve bank of india rbi about steps taken to implement the k v.
Why in news the reserve bank of india rbi has set up a committee headed by k v. Kamath committee report on recommendations to bail out sectors affected by the covid 19 pandemic. The reserve bank of india rbi constituted an expert committee under the chairmanship of veteran banker k v.
The reserve bank of india rbi on 4 th sept set up a 5 member expert committee under banker k v kamath to suggest financial parameters for resolution of corona related stressed assets.