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Sashakt Committee recommends changes in Inter Creditor AgreementMehta noted that this will ensure that a consensus building amongst lenders will be carried forward promptly, to its logical conclusion and...- PSBs can find resolution under Project Sashakt nowBanks were also directed to find resolution for stressed firms .
- Bank-led resolution of NPAs set to beginIndian Banks’ Association has now asked the 34 lenders to initiate and send the resolution proposals under the scheme.
- SBI may kickstart setting up asset management company for loan resolutionAccording to the committee report, the exposure of banks towards loans of Rs 500 crore and above would be around Rs 3.6 lakh crore, of whic...
- Project Sashakt: Banks give shape to inter-creditor pact for bad assetsBanks will now take inter-creditor agreement to their respective boards for approval and it’s expected to go live later this month, Punjab ...
- PSU Banks to set up AMCs, AIFs for loan resolutionThe initiative will be run by the banks without government involvement, will be in harmony with all current laws and will function as an ad...
- No bad bank plan, but govt now has a 5-point strategy to deal with NPAs: FM Piyush GoyalMehta panel has recommended an asset management company/alternative investment fund-led resolution approach to deal with NPA cases of over ...
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