Credit: Current Affairs, GK & News - 2020-2021
Sunil Mehta recommends changes in existing Inter-Creditor Agreement (ICA)
Published: June 12, 2019
The Sashakt Committee, headed by PNB non-executive chairman Sunil Mehta, has recommended changes in existing Inter-Creditor Agreement (ICA) to incorporate revised voting threshold and other changes for decision making stipulated by the Reserve Bank of India (RBI). It will enable expeditious implementation of the new framework on stressed assets. Under the RBI’s new framework, it ..
NITI Aayog calls for new Regulations for Banks
Published: April 4, 2019
Amitabh Kant, NITI Aayog’s Chief Executive Officer has said that the government and the Reserve Bank of India will have to bring new set of regulations to make certain that borrowers repay their debt in time. He has also stressed on the need of ensuring higher growth to fund such dole-outs. RBI and government has ..
RBI starts process to set up PCR for capturing borrowers’ details
Published: November 5, 2018
The Reserve Bank of India (RBI) has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies. The PCR will also include data from entities like market regulator SEBI, the Ministry of ..
RBI to set up Public Credit Registry (PCR) to check loan defaults
Published: June 7, 2018
In a bid to check loan defaults, the Reserve Bank of India (RBI) has considered the recommendations of YM Deosthalee-headed High Level Task Force and will set up a Public Credit Registry (PCR) in a modular and phased manner. The PCR is an information repository that collates all loan information of individuals and corporate borrowers. ..
Committee on Public Credit Registry (PCR)
Published: April 12, 2018
The Reserve Bank of India has constituted a 10-member ‘High Level Task Force on Phublic Credit Registry (PCR) for India’, which will, among other things, suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India. The committee was Headed by YM Deosthalee. The terms of reference of the task force include reviewing ..