K V Kamath Committee In Hindi

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.

K v kamath committee in hindi. Kamath committee report on recommendations to bail out sectors affected by the covid 19 pandemic. Under the chairmanship of kv kamat this expert committee will give suggestions on loan recast window to rbi.

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. Kamath on restructuring of loans impacted by the covid 19 pandemic. 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 constituted an expert committee under the chairmanship of veteran banker k v.

From rbi web site the reserve bank had on august 7 2020 announced the constitution of an expert committee under the chairmanship of shri k v. The committee will formulate sector specific resolution plans for all accounts with total loan exposure of rs 1 500 crore and. Kamath to make recommendations on norms for the resolution of covid 19 related stressed loans. They are however sceptical of whether the lenders would exercise the restructuring option and pass on the benefits.

Various writ petitions have been filed in the court highlighting the plight of borrowers small and big who were being charged compound interest post the. The central bank s announcement is based on the recommendations of the k v kamath committee which submitted its report last week. 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.

The reserve bank of india rbi has set up a committee headed by k v. The committee will. While the six month moratorium on loan repayments ended on august 31 the rbi has allowed banks to recast loans which were classified as standard as on march 1 2020.