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SASHAKT COMMITTEE
Uttarakhand Chief Secretary Radha Raturi orders compulsory attendance for secretary-level officers at review meetingsUttarakhand Chief Secretary Radha Raturi has mandated the attendance of all secretary-level officers at her review meetings. This decision ...- Arunachal Pradesh comes up with scheme to boost agriculture and horticulture produceThe schemes are part of the AtmaNirbhar program announced during the Budget session held in February this year. A total amount of Rs 120 cr...
- 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 .
- Banks can now refer defaulters to NCLT on case by case basis: BankersAccording to Tyagi, the resolution can be done through any of the mechanism which existed prior to February 12, 2018 circular.
- 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.
- Sunil Mehta panel incorporates 'Sashakt India AMC' for large NPAsUnder the project, the committee had to float an AMC and an AIF to resolve non-performing assets (NPAs) over Rs 500 crore.
- SBI hopes to resolve 7-8 stressed power assets by Nov 11: ChairmanThe RBI framework provided for a strict timeline for resolution of these bad loans where debt is Rs 2,000 crore or more.
- Government wants IBC, and not ARCs & AMCs, to be its main weapon against bad loansGovt is not keen on the use of asset reconstruction companies and proposed asset management companies.
- Banks, FIs sign pact to fast track resolution of bad loansThe ICA has been signed by 22 public sector banks (including India Post Payments Bank), 19 private sector banks and 32 foreign banks.
- Kotak Mahindra to explore bad-loan AMC opportunitiesThe government had accepted the proposals and that there could be more than one such AMC.
- Panel proposes auction of NPA security receipts worth Rs 90,0000 croreSEBI has already approved norms for listing SRs issued by ARCs. ARCs currently need to pay lenders at least 15% in cash for taking over an ...
- State-run asset reconstruction companies may be roped in to clean up banksArcil, the first ARC set up in the country, was the third-largest player at the end of March with assets under management (AUM) of around R...
- 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 ...
- Banks finalise inter-creditor agreement to deal with NPAsThe meeting called by Indian Banks Association was also attended by Finance Minister Piyush Goyal, who had accepted the report of the Sunil...
- Not every NPA is an act of criminality, mistakes will happen during decision making: Rajnish KumarThe Indian Banks’ Association has condemned the spate of charge-sheets and arrests and called for an independent panel to scrutinise such a...
- Public sector banks draw up bad loan resolution planState-run banks are expected to take the lead in setting up the AMC for the resolution of loans above Rs 500 crore under the five-pronged p...
- 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 ...
- BJP aims to be world's largest party, adds over 56 lakh members in two weeksThe progress of the membership campaign which ends on March 31 is being monitored at various levels, with Shah cautioning against fudging o...
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