It is not Business as Usual for Lenders and Borrowers (N. S. Vishwanathan, Deputy Governor, Reserve Bank of India – April 18, 2018 – Speech Delivered at National Institute of Bank Management, Pune on Fourteenth Convocation) https://www.taxtmi.com/news?id=19927 The February 12, 2018 framework requires lenders to report defaults promptly, implement credible resolution plans within a prescribed period after default, and refer unresolved cases to the statutory insolvency process, withdrawing earlier forbearance and process prescriptions while allowing lenders discretion to structure joint or individual workouts supported by independent user pays credit opinions and board approved parameters to prevent evergreening. en-us Wed, 18 Apr 2018 17:19:31 +0530 Wed, 18 Apr 2018 17:21:00 +0530 TaxTMI RSS Generator It is not Business as Usual for Lenders and Borrowers (N. S. Vishwanathan, Deputy Governor, Reserve Bank of India – April 18, 2018 – Speech Delivered at National Institute of Bank Management, Pune on Fourteenth Convocation) https://www.taxtmi.com/news?id=19927 The February 12, 2018 framework requires lenders to report defaults promptly, implement credible resolution plans within a prescribed period after default, and refer unresolved cases to the statutory insolvency process, withdrawing earlier forbearance and process prescriptions while allowing lenders discretion to structure joint or individual workouts supported by independent user pays credit opinions and board approved parameters to prevent evergreening. News - Wed, 18 Apr 2018 17:19:31 +0530 https://www.taxtmi.com/news?id=19927