Banks explore option of setting up panel to advise them on loan recast

The RBI had in 2016 as part of norms for resolution of large borrowers envisaged the constitution of an Overseeing Committee (OC), but its latest guidelines in 2019 on, 'Prudential Framework for Resolution of Stressed Assets,' did not mention such a requirement.

from Banking/Finance-Industry-Economic Times https://ift.tt/6Aeqn3T