Event Details

Workshop on RBI’s Discussion Paper on Distressed Assets

Learning, Risk Management

Monday, December 30, 2013
Conference Room, CAFRAL, C-7, 1st floor, Reserve Bank of India, Bandra-Kurla Complex, Bandra(E), Mumbai

Reserve Bank of India came out with a discussion paper on “Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy” on December 17, 2013.  The discussion paper outlines a corrective action plan that will incentivize early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of unviable accounts. RBI had invited comments on the paper on or before January 1, 2014.

CAFRAL conducted this workshop to have a discussion and seek views on the discussion paper from various stakeholders. The workshop saw participation from various commercial banks, asset reconstruction companies, rating agencies, senior officials from the CDR cell, legal experts and other experts as well as senior officers from RBI. The learning takeaways from the workshop have been consolidated and forwarded to RBI.

The workshop saw participation from various commercial banks, asset reconstruction companies, rating agencies, senior officials from the CDR cell, legal experts and other experts as well as senior officers from RBI.

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