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THE KAMATH COMMITTEE
Biocon names insider Shreehas Tambe as MD & CEO for 5 years as Siddharth Mittal steps downBiocon announced a leadership change. Siddharth Mittal will step down as Managing Director and Chief Executive Officer on March 31. He will...- Banks' plea seeking time for borrowers to comply with new loan recast plan rejectedIn August 2021, the regulator had extended the deadline for stressed companies to meet the parameters related to operational performance to...
- RBI extends target date for meeting thresholds under Covid recast scheme 1.0“Recognising the adverse impact of second wave of COVID-19 on revival of businesses, and the difficulty it may pose in meeting the operatio...
- KV Kamath committee approves Future Retail, Enterprises restructuringThis is the second large restructuring approved by the five member Kamath committee. Late last month it had approved a Rs 10,900 crore rest...
- Lenders approve Future Retail recast, to seek Kamath committee nodFuture Retail is the largest debtor in the group with about Rs 10,000 crore of outstanding dues. Together with two other listed companies n...
- Finmin widens scope of ECLGS, includes healthcare sector"SMA-1 borrowers in the healthcare sector and 26 other high stress sectors (as identified by the Kamath Committee) are now eligible under E...
- Banks want RBI to extend recast window till March 31, 2021Bankers have requested the regulator that given the case in the SC leading to a prolonged moratorium, they haven’t been able to assess borr...
- Hospitality and tourism industry bodies disappointed with Atmanirbhar 3.0 measuresThe Atmanirbhar Bharat 3.0 measures announced by the government included the launch of ECLGS 2.0-Guaranteed credit for supporting the 26 st...
- Banks see no rush for loan recast, expect borrowers to come forward in DecemberThere were approximately 387 accounts with an exposure of more than ₹1,500 crore that were standard at the end of March. Some of them avail...
- FHRAI seeks complete review of Kamath Committee recommendations for hospitality sector on priority basisStating the industry is facing serious challenges in complying with the financial parameters suggested by the committee, FHRAI has requeste...
- One-third of vulnerable medium, emerging companies may not get restructuring benefits: Ind-RaThe RBI had last month adopted recommendations of the K V Kamath committee on one-time restructuring. The norms stress on looking at every ...
- Banks relieved as govt will foot bill for interest waiverThe government’s proposal to pick up the tab for the waiver of 'interest on interest' on loans of up to Rs 2 crore clears the uncertainty o...
- SBI treads caution for restructuring, moves with rating capsProposed resolution plans below this rating grade will not qualify for a restructuring, at least for now, although solutions may vary from ...
- Banking without NPAs: The conundrum revolving around use and misuse of loansSinged by the sharp increase in non-performing assets following RBI’s largesse after the 2008-09 global financial crisis, and its failure t...
- Consider lending to auto component industry at same interest rates as priority sector: ACMA"Considering the average asset life in the industry to be around 10 years, we recommend the committee to enhance the 'Total Debt/EBITDA rat...
- Kamath Panel on loan restructuring identifies six problem industriesCommittee suggests solutions for 29 out of 307 sectors assessed. The panel has suggested that the two-year cutoff for the restructuring wil...
- Working from home may prove ‘taxing’Marketing executive Babu Vishwanath is happy that he has been able to save money in work-from-home (WFH) mode. He has not spent on eating o...
- Why Kamath heading loan recast panel irks bankersThe RBI, last week, had announced the setting up of an Expert Committee on Resolution Framework for Covid19-related Stress under Kamath’s l...
- Bankers happy with one-time loan restructuring, say a lot depends on Kamath committeeBankers said the only difference between the June 7 circular and this one is that a corporate loan can be restructured without changing its...
- Infosys to pay KV Kamath special fee of Rs 67 lakhThe 'special fee' of $150,000 for non-executive chairman was recommended by the Infy compensation committee, in addition to his board fees.
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