K V Kamath Committee Recommendations Upsc

T he reserve bank had announced the constitution of a panel under the chairmanship of veteran banker k v kamath to make recommendations on the required financial parameters to be factored in under the resolution framework for covid19 related stress along with sector specific benchmark ranges.

K v kamath committee recommendations upsc. 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. 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. About k v kamath committee report constituted to make recommendations on norms for the resolution of covid 19 related stressed loans. Manoharan ashvin parekh and sunil mehta ceo of indian banks association as the member secretary.

This much awaited report is out as the committee has laid down its recommendations regarding conditions to be considered for resolution plan within contours of the rbi framework. The reserve bank of india rbi had constituted the proposed expert committee under the chairmanship of k v. Kamath to make recommendations on norms for the resolution of covid 19 related stressed loans. 8 th august 2020 cna.

Moving ahead with the initiative rbi had set up an expert committee with shri k. The reserve bank of india rbi has set up a committee headed by k v. The indian banks association iba will function as. The other members of the committee include diwakar gupta t n.

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 as the chairperson as envisaged in the earlier circular. The panel tabled its report on september 4 wherein it has suggested financial parameters that include aspects related to leverage liquidity and debt serviceability. The central bank s announcement is based on the recommendations of the k v kamath committee which submitted its report last week.

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. Kamath committee submitted its report on september 4 2020. Rbi sets up panel. The circular issued by the reserve bank for resolution of the stressed assets was based on the.

The committee will formulate sector specific resolution plans for all accounts with total loan exposure of rs 1 500 crore and. Kamath committee report on recommendations to bail out sectors affected by the covid 19 pandemic. 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 committee is tasked to recommend parameters for one time restructuring of corporate loans.