K V Kamath Committee
The reserve bank of india rbi on monday released a report by the k v kamath committee which was formed to make recommendations on the required financial parameters to be factored in the resolution plans under the resolution framework for covid related stress.
K v kamath committee. Kamath to make recommendations on norms for the resolution of covid 19 related stressed loans. The supreme court sc on monday asked the centre and the reserve bank of india rbi what follow up action has been taken on proposals of the k v kamath committee set up to suggest financial parameters to be considered for one time restructuring of loans impacted by the covid 19 pandemic. 07 aug 2020 06 04 pm ist.
Total outside liability adjusted tangible net worth. In his interview with cnbc awaaz rbi governor shaktikanta das had said that banks could extend the loan moratorium by three six or even 12 months under one time restructuring. The reserve bank of india rbi on friday announced the names of the members for the committee constituted under the chairmanship of k v.
8 2020 the reserve bank of india rbi constituted an expert committee under the chairmanship of veteran banker k v. The kv kamath committee along with members ashwin parekh divakar gupta ca t n manoharan sunil mehta recommended five financial ratios for the stressed 26 sectors for lenders to consider while finalizing resolution plans. Sc asks centre to place on record kamath report on interest waiver.
Other members will include former state bank of india managing director diwakar gupta effective september 1 after the completion of his. The central bank s announcement is based on the recommendations of the k v kamath committee which submitted its report last week. Kv kamath led five member rbi committee formed to oversee debt recast the resolution framework inter alia envisages constitution of an expert committee by the rbi to make recommendations on the required financial parameters to be factored in the resolution plans with sector specific benchmark ranges for such parameters.
Veteran banker k v kamath will be the chairman of the committee as announced already. The supreme court asked the centre and the rbi on monday to place on record the k v kamath committee recommendations on debt. Kamath to make recommendations on the required financial parameters to be factored in the debt resolution plans.
