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 ..
Month: Current Affairs - November, 2020
Category: International / World Current Affairs
Topics: Africa • Belt and Road Initiative • China • G20 • G20 debt pact • G20 Debt Suspension Service Initiaitive • Loan Restructuring • low income countries
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 ..
Month: Current Affairs - September, 2020
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs
Topics: KV Kamath • kv kamath committee • Loan Restructuring
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 ..
Month: Current Affairs - August, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: KV Kamath • Loan Restructuring • RBI • Reserve Bank of India