Reserve bank of india's board, Bank

The Reserve Bank of India on Monday released the report of Expert Committee under the chairmanship of KV Kamath which was constituted to make recommendations on the required financial parameters to be factored in the resolution plans under the 'Resolution Framework for Covid19-related Stress'.An RBI release said that the recommendations of the committee have been broadly accepted by the Reserve Bank.It said the committee submitted its report to the Reserve Bank on September 4, 2020, which is being placed on the RBI website.The committee has recommended financial parameters that include aspects related to leverage, liquidity and debt serviceability. It has recommended financial ratios for 26 sectors which could be factored by lending institutions while finalizing a resolution plan for a borrower."The recommendations of the Committee have been broadly accepted by the Reserve Bank. Accordingly, a follow up circular to the Resolution Framework guidelines announced in August 6, 2020, has been issued today by the Reserve Bank specifying five specific financial ratios and the sector-specific thresholds for each ratio in respect of 26 sectors to be taken into account while finalising the resolution plans," the release said.It said that in respect of other sectors where certain ratios have not been specified, the lenders shall make their own assessment keeping in view the contours of the circular dated August 6, 2020 and the follow-up circular issued today.The Reserve Bank had on August 7 announced the constitution of the expert committee under Kamath to "make recommendations on the required financial parameters to be factored in the resolution plans under the 'Resolution Framework for COVID19-related stress' along with sector specific benchmark ranges for such parameters.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Reserve Bank Of India's BoardFOLLOW

Reserve bank of india's board, Latest News

India's economic recovery is likely to be gradual as the country is still reeling from the impact of coronavirus (Covid-19) and rising infections continue to pose a risk, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. ...

New Delhi, Sep 14 General insurer SBI General and private sector bank YES Bank have signed a Corporate ... ...

Medical Education Minister Dr K Sudhakar has warned Kolar-Chikkaballapur DCC Bank of action if it does not drop a particular regulation pertaining to loans. ...

The Reserve Bank of India (RBI) on Friday issued new guidelines for banks to tighten their compliance functions and ensure that chief compliance officers (CCOs) follow the best industry practices as required by supervisory expectations. ...

New Delhi, Sep 10 The Supreme Court on Thursday asked the Centre to consider a plea for not charging ... ...

Mumbai, Sep 9 Lending major State Bank of India on Wednesday reported that it has sold Rs 4,000 ... ...

Fitch Solutions has revised its fiscal deficit forecast for India to 8.2 per cent from 7.2 per cent earlier due to quicker divergence in expenditures and non-debt receipts which saw the deficit exceed the full-year target in only four months. ...

The Reserve Bank of India on Monday released the report of Expert Committee under the chairmanship of KV Kamath which was constituted to make recommendations on the required financial parameters to be factored in the resolution plans under the 'Resol ...