AZB & Partners updates

RBI notifies special framework for one-time restructuring of COVID-19 stress
AZB & Partners
  • Banking & Financial Services
  • India
  • 15 September 2020

The Reserve Bank of India recently announced a resolution framework for COVID-19-related stress to address borrower default pursuant to the stress caused by the pandemic without necessitating a change of ownership and without an asset classification downgrade modifying the existing framework. This article focuses on the key changes introduced for corporate loan accounts (ie, exposures other than personal loans).

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