FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year; Government is taking sector specific measures to deal with the problem of NPAs; Steel Sector shows sign of improvement; Multiplication of Oversight Committee under consideration.

FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year; Government is taking sector specific measures to deal with the problem of NPAs; Steel Sector shows sign of improvement; Multiplication of Oversight Committee under consideration. https://www.taxtmi.com/news?id=17592 Non-Performing Assets remain concentrated in large corporate exposures across steel, power, infrastructure and textiles; the Government is pursuing sector-specific measures to restore viability while deploying statutory and supervisory recovery tools including the Insolvency and Bankruptcy Code, RDDB&FI and SARFAESI Act, and RBI restructuring frameworks such as Joint Lenders' Forums, flexible long-term structuring, SDR and S4A. Consideration is being given to institutional responses including multiplication of RBI oversight committees, exploration of a dedicated asset rehabilitation vehicle or 'bad bank', tighter regulation of Asset Reconstruction Companies, and use of long-term debt markets and special purpose vehicles to support resolution. en-us Wed, 15 Mar 2017 16:41:32 +0530 Wed, 15 Mar 2017 16:41:32 +0530 TaxTMI RSS Generator FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year; Government is taking sector specific measures to deal with the problem of NPAs; Steel Sector shows sign of improvement; Multiplication of Oversight Committee under consideration. https://www.taxtmi.com/news?id=17592 Non-Performing Assets remain concentrated in large corporate exposures across steel, power, infrastructure and textiles; the Government is pursuing sector-specific measures to restore viability while deploying statutory and supervisory recovery tools including the Insolvency and Bankruptcy Code, RDDB&FI and SARFAESI Act, and RBI restructuring frameworks such as Joint Lenders' Forums, flexible long-term structuring, SDR and S4A. Consideration is being given to institutional responses including multiplication of RBI oversight committees, exploration of a dedicated asset rehabilitation vehicle or 'bad bank', tighter regulation of Asset Reconstruction Companies, and use of long-term debt markets and special purpose vehicles to support resolution. News - Wed, 15 Mar 2017 16:41:32 +0530 https://www.taxtmi.com/news?id=17592