About this document
RBI by D Akhil Reddy is a document available to read on EtoBox.
The new RBI guidelines require that within 30 days of a borrower defaulting, all lenders must agree on a resolution plan such as loan sale, legal action, or restructuring. An agreement signed by lenders representing 75% by value or 60% by number is binding. Resolution plans must pay lenders at least the liquidation value. Plans must be implemented within 180 days of the review period. Penalties include additional provisions of 20% if no resolution within 180 days, and 15% more (35% total) if unresolved with
- Author
- D Akhil Reddy
- Language
- EN