RBI holds meeting with banks, NBFCS and ARCs to discuss about stressed assets
Updated: Jan 19, 2016 11:47:36am
Senior officials from RBI included Governor, Raghuram Rajan, Deputy Governors R Gandhi and S S Mundra, as well as senior officials from the concerned regulation and supervision departments.
The meeting reviewed the functioning of the Joint Lenders' Forum (JLF) Mechanism, Flexible Restructuring of Long Term Project Loans, Strategic Debt Restructuring Scheme and regulations on sale of assets by banks to Asset Reconstruction Companies.
The meeting took stock of the way these tools are being used by the banking system and the improvements needed to sharpen their efficacy and ease of use. Several suggestions were made by the participants on the way forward which will be examined. (KNN Bureau)