News & Articles

Sep 12 2020
FINANCIAL PARAMETERS FOR THE COVID-19 RESOLUTION FRAMEWORK | ONE SIZE ‘DOES NOT’ FIT ALL
By Link Legal - dated 12th September 2020

Quite quick on the heels of the Reserve Bank of India’s (RBI’s) Circular on ‘Resolution Framework for COVID-19 related Stress’ dated August 6, 2020 and pursuant to the KV Kamath Committee recommendations in its ‘Report of the Expert Committee on Resolution Framework for COVID-19 related Stress’ dated September 4, 2020, the RBI has, on September 7, 2020, come out with the much-awaited Circular on ‘Resolution Framework for COVID-19 related Stress – Financial Parameters’. The recent RBI Circular, among other things, prescribes the key Financial Parameters and corresponding Sectoral Benchmarks which are required to be factored in by the Banks & FIs whilst formulating and implementing a Resolution Plan under the August 6th Circular.

Read the note which attempts to provide a brief summary of the KV Kamath Committee recommendations and the key facets of the RBI Circular which followed thereafter.

Read the full note here.

 

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