{"id":20340,"date":"2020-09-07T17:14:33","date_gmt":"2020-09-07T17:14:33","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=20340"},"modified":"2020-09-07T17:14:33","modified_gmt":"2020-09-07T17:14:33","slug":"reserve-bank-of-india-press-releases-180","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=20340","title":{"rendered":"Reserve Bank of India &#8211; Press Releases"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<td>\n<table width=\"100%\" border=\"0\" align=\"center\" class=\"td\">\n<tr>\n<td>\n<p>The Reserve Bank had, on August 7, 2020, announced the constitution of an Expert Committee under the chairmanship of Shri K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the \u2018<a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11941&amp;Mode=0\" target=\"_blank\" class=\"links\" rel=\"noopener noreferrer\">Resolution Framework for Covid19-related Stress<\/a>\u2019 along with sector specific benchmark ranges for such parameters.<\/p>\n<p>The Committee has since submitted its <a href=\"https:\/\/www.rbi.org.in\/Scripts\/PublicationReportDetails.aspx?UrlPage=&amp;ID=1157\" target=\"_blank\" class=\"links\" rel=\"noopener noreferrer\">report<\/a> to the Reserve Bank on September 4, 2020 which is being placed on the RBI website. The Committee has recommended financial parameters that, inter alia, include aspects related to leverage, liquidity and debt serviceability. The Committee has recommended financial ratios for 26 sectors which could be factored by lending institutions while finalizing a resolution plan for a borrower.<\/p>\n<p>The recommendations of the Committee have been broadly accepted by the Reserve Bank. Accordingly, a follow up circular to the Resolution Framework guidelines announced in August 6, 2020, has been issued today by the Reserve Bank specifying five specific financial ratios and the sector-specific thresholds for each ratio in respect of 26 sectors to be taken into account while finalising the resolution plans. In respect of other sectors where certain ratios have not been specified, the lenders shall make their own assessment keeping in view the contours of the <a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11941&amp;Mode=0\" target=\"_blank\" class=\"links\" rel=\"noopener noreferrer\">circular dated August 6, 2020<\/a> and the <a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11961&amp;Mode=0\" target=\"_blank\" class=\"links\" rel=\"noopener noreferrer\">follow-up circular<\/a> issued today.<\/p>\n<p align=\"right\"><span class=\"head\">(Yogesh Dayal)<\/span>\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Chief General Manager<\/p>\n<p class=\"head\">Press Release: 2020-2021\/298<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td><\/div>\n<p><a href=\\\"https:\/\/www.rbi.org.in\/scripts\/BS_PressReleaseDisplay.aspx?prid=50324\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank had, on August 7, 2020, announced the constitution of an Expert Committee under the chairmanship of Shri K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the \u2018Resolution Framework for Covid19-related Stress\u2019 along with sector specific benchmark ranges [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-20340","post","type-post","status-publish","format-standard","hentry","category-banking-business"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/20340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20340"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/20340\/revisions"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}