https://www.taxtmi.com/news?id=21076 A regulatory target requires banks to allocate a specified proportion of Adjusted Net Bank Credit to lending for weaker sections, subject to quarterly and annual monitoring. A fourfold framework of recognition, resolution, recapitalisation and reforms directs operational measures in public sector banks-digital access, segregation of sanction roles, ring-fencing of cash flows, risk appetite frameworks, stressed asset management verticals, one-time settlement platforms and faster MSME receivables realisation. Statutory changes enable an insolvency resolution framework with creditor-driven management takeover at the outset, bar wilful defaulters from resolution, allow supervisory directions to initiate insolvency proceedings, and strengthen securitisation and recovery procedures. en-us Fri, 08 Feb 2019 17:43:01 +0530 Fri, 08 Feb 2019 17:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21076 A regulatory target requires banks to allocate a specified proportion of Adjusted Net Bank Credit to lending for weaker sections, subject to quarterly and annual monitoring. A fourfold framework of recognition, resolution, recapitalisation and reforms directs operational measures in public sector banks-digital access, segregation of sanction roles, ring-fencing of cash flows, risk appetite frameworks, stressed asset management verticals, one-time settlement platforms and faster MSME receivables realisation. Statutory changes enable an insolvency resolution framework with creditor-driven management takeover at the outset, bar wilful defaulters from resolution, allow supervisory directions to initiate insolvency proceedings, and strengthen securitisation and recovery procedures. News - Fri, 08 Feb 2019 17:43:01 +0530 https://www.taxtmi.com/news?id=21076