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Which of the following committees is related to “Resolution Framework for Covid-19 related Stress”?
  • a)
    G. Subramania Iyer committee
  • b)
    D.P. Pathak committee
  • c)
    K.V Kamath committee
  • d)
    PK Mohanty committee
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Which of the following committees is related to “Resolution Framework...
The correct answer is the K.V Kamath committee.
  • K.V Kamath committee is related to “Resolution Framework for Covid-19 related Stress”.
  • RBI has broadly accepted the recommendations by the K.V Kamath-led committee on the financial parameters to be considered in the restructuring of loans impacted by the Covid-19 pandemic.
  • The committee has made recommendations for 26 sectors that could be factored in by lending institutions while finalizing loan resolution plans.
  • Applicability of these recommendations-
  • The committee was to scrutinize the restructuring of loans above ₹1500 crore.
  • The resolution under this framework is applicable only to those borrowers who have been impacted on account of Covid-19.
  • Only those borrowers which were classified as standard and with arrears less than 30 days as of March 1, 2020, are eligible under the Framework.
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Which of the following committees is related to “Resolution Framework for Covid-19 related Stress”?a)G. Subramania Iyer committeeb)D.P. Pathak committeec)K.V Kamath committeed)PK Mohanty committeee)None of theseCorrect answer is option 'C'. Can you explain this answer?
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