Loan Restructuring Current Affairs, GK & News

Historic Debt Pact of G20 to help poor countries hit by COVID-19

The G20 countries for the first time agreed on a common framework to restructure government debts. This is because COVID-19 crisis has left the poorer countries at risk of failing to repay the loans. Earlier the G20 countries agreed on G20 Debt Service Suspension Initiative. Now, it is being signed as a pact with an ..

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KV Kamath committee recommends 26 sectors for Loan Restructuring Scheme

The Reserve Bank have accepted the recommendations of the KV Kamath Committee on ‘Resolution Framework for Covid19-related Stress’ which was submitted by panel on September 4, 2020. Key Facts The Committee has recommended the financial ratios for 26 sectors which could be taken into consideration by lending institutions while finalizing a resolution plan for a ..

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RBI constitutes a panel for Loan restructuring

The Reserve Bank of India has formed a five-member committee under the chairmanship of former ICICI Bank CEO KV Kamath to make recommendations regarding the financial parameters to be considered in the structuring of loans impacted by the COVID 19 pandemic. Who all are there in the Committee? Apart from the Chairman, other members of ..

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