K V Kamath Committee Recommendations

Moving ahead with the initiative rbi had set up an expert committee with shri k.

K v kamath committee recommendations. The supreme court recently asked the centre and the reserve bank of india about the steps taken to implement the k v. Sc directs centre and rbi to put k v kamath panel s recommendations on record. The k v kamath committee s recommendations on loan restructuring are likely to offer some relief to the hospitality sector that is now staring at a debt pile say hotel executives. The supreme court has asked the centre and the reserve bank of india rbi to place on record the kv kamath committee s recommendations on covid 19 related debt restructuring in the ongoing case related to the interest waiver on loans during the moratorium period.

The central bank s announcement is based on the recommendations of the k v kamath committee which submitted its report last week. The panel undertook the process validation for the resolution plans to be implemented under this framework in respect of all accounts with aggregate exposure of rs 1500 crore and above at the time of invocation. They are however sceptical of whether the lenders would exercise the restructuring option and pass on the benefits. Reserve bank of india has broadly accepted the kv kamath committee s recommendations.

The reserve bank had on august 7 2020 announced the constitution of an expert committee under the chairmanship of shri 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. 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. 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 circular issued by the reserve bank for resolution of the stressed assets was based on the. Kamath as the chairperson as envisaged in the earlier circular. 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. 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.

Kamath committee report on recommendations to bail out sectors affected by the covid 19 pandemic.