RBI provides resolution framework for COVID-19-related stressed assets

With the intent to facilitate revival of real sector activities and mitigate the impact on the ultimate borrowers RBI has decided to provide a window under the Prudential Framework to enable the lenders to implement a resolution plan in respect of eligible corporate exposures without change in ownership, and personal loans, while classifying such exposures as Standard, subject to specified conditionsWith the intent to facilitate revival of real sector activities and mitigate the impact on the ultimate borrowers RBI has decided to provide a window under the Prudential Framework to enable the lenders to implement a resolution plan in respect of eligible corporate exposures without change in ownership, and personal loans, while classifying such exposures as Standard, subject to specified conditionstaxmann.com Latest Statutory HappeningsRead More

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