https://www.taxtmi.com/news?id=21392 Directs lenders to recognise incipient stress via Special Mention Account categories, report large exposures to the Central Repository, and undertake a prima facie review within a thirty day Review Period after default. Where a resolution plan is pursued, lenders must adopt Board approved policies, enter an inter creditor agreement for multi lender accounts, satisfy Independent Credit Evaluation requirements for large exposures, complete documentation and security perfection, and ensure absence of default during monitoring; delayed implementation triggers additional provisioning and supervisory action. en-us Mon, 10 Jun 2019 13:07:02 +0530 Mon, 10 Jun 2019 13:07:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21392 Directs lenders to recognise incipient stress via Special Mention Account categories, report large exposures to the Central Repository, and undertake a prima facie review within a thirty day Review Period after default. Where a resolution plan is pursued, lenders must adopt Board approved policies, enter an inter creditor agreement for multi lender accounts, satisfy Independent Credit Evaluation requirements for large exposures, complete documentation and security perfection, and ensure absence of default during monitoring; delayed implementation triggers additional provisioning and supervisory action. News - Mon, 10 Jun 2019 13:07:02 +0530 https://www.taxtmi.com/news?id=21392