The revised framework has specified norms for "early identification" of stressed assets, timelines for implementation of resolution plans.
Prasoon Joshi has pulled out of the ongoing JLF in the wake of the Padmaavat controversy, saying he wished to avoid any discomfort to the organisers and fellow writers.
Banks have to put in place proper risk-pricing mechanism, especially for funding long-gestation infra projects, if they want to prevent an encore of the present NPAs.
The directives said a corrective action could include flexible restructuring, strategic debt restructuring and scheme for sustainable structuring of stressed assets.
RCom said its lenders have agreed to a strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore.
Moody's Investors Service said Indian public sector banks will first use their operating profits to increase the loan loss coverage before marking down their NPLs.
The govt won't get into individual cases as it has already given authorisation to RBI to resolve NPA cases through the ordinance, the FinMin official said.
Retail and home financing offers better earning opportunity for banks as earnings for corporate lenders are expected to be volatile.
The RBI made substantial changes in the norms for dealing with stressed loans and warned banks they will be penalised for missing NPA resolution timelines.
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To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
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