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FINANCIAL PARAMETERS FOR THE COVID-19 RESOLUTION FRAMEWORK | ONE SIZE ‘DOES NOT’ FIT ALL

9/12/2020 0:00 News & Articles

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.

The write-up, authored by our Partner, Mr. Anand Srivastava and Associate Partner, Mr. Aditya Bhardwaj 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.

 

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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