PNB chairman Sunil Mehta to ADDRESS the bad loans problem in India's banking sector.Bad loans of up to ₹50 crore will be managed at the bank level, with a deadline of 90 days.For bad loans of ₹50-500 crore, banks will enter an intercreditor agreement, authorizing the LEAD bank to implement a resolution plan in 180 days or refer the asset to NCLT.For loans above ₹500 crore, the panel recom­mended an independent AMC, supported by institutional funding through the AIF.

"> PNB chairman Sunil Mehta to ADDRESS the bad loans problem in India's banking sector.Bad loans of up to ₹50 crore will be managed at the bank level, with a deadline of 90 days.For bad loans of ₹50-500 crore, banks will enter an intercreditor agreement, authorizing the LEAD bank to implement a resolution plan in 180 days or refer the asset to NCLT.For loans above ₹500 crore, the panel recom­mended an independent AMC, supported by institutional funding through the AIF.

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Which of the following project’s objective is to ensure the operational turnaround of the banks and stressed companies?

General Knowledge General Awareness in General Knowledge 11 months ago

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Project Sashakt was put forward by a panel led by PNB chairman Sunil Mehta to ADDRESS the bad loans problem in India's banking sector.Bad loans of up to ₹50 crore will be managed at the bank level, with a deadline of 90 days.For bad loans of ₹50-500 crore, banks will enter an intercreditor agreement, authorizing the LEAD bank to implement a resolution plan in 180 days or refer the asset to NCLT.For loans above ₹500 crore, the panel recom­mended an independent AMC, supported by institutional funding through the AIF.

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Posted on 15 Nov 2024, this text provides information on General Knowledge related to General Awareness in General Knowledge. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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