Stressed Assets: Current Affairs, GK & News - 2020-2021
RBI releases Framework for sale of Loan Exposure and Securitization of Standard Assets
Published: June 11, 2020
The Reserve Bank of India recently released draft framework for “Sale of Loan Exposures” and “Securitization of Standard Assets”. Highlights The guidelines issued are applicable to Scheduled Commercial Banks. This includes All India Financial Institutions such as EXIM Bank, NABARD, Non-Banking Financial Companies. The guidelines have also included recommendations of Committee on Development of Housing ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
RBI Proposes New Norms for Debt Resolution
Published: June 8, 2019
The Reserve Bank of India (RBI) has proposed new norms under Prudential framework for resolution of stressed assets for debt resolution after the earlier one was struck down by the Supreme Court. New Norms New norms are applicable for loan accounts with exposure of Rs 2,000 crore and above. For loan accounts of Rs 1,500 ..
Government constitutes high level empowered committee to revive stressed thermal power plant
Published: July 30, 2018
Union Government has constituted High Level Empowered Committee headed by Cabinet Secretary to address issues of Stressed Thermal Power Projects. The committee has representatives from Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and lenders having major exposure to the power sector. Key Facts The Committee will look into various issues ..
Month: Current Affairs - July, 2018
Cabinet approves two relief measures for stressed telecom sector
Published: March 8, 2018
The Union Cabinet has approved two key measures in telecom sector to facilitate investments, consolidation in the sector and enhancing ease of doing business. These include restructuring Deferred payment liabilities of spectrum auction of telecom service providers (TSPs). Revising the limit of the cap for spectrum holding for TSPs. Key Facts Restructuring of Deferred Payment ..
Lok Sabha passes Banking Regulation (Amendment) Bill, 2017
Published: August 3, 2017
The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017 by voice vote. It will replace the Banking Regulation (Amendment) Ordinance, 2017. The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related to stressed assets or non-performing assets (NPAs) of banks. Stressed assets (NPAs) are loans defaulted ..