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Highlights of scheme/norms: The Reserve Bank will facilitate the resolution of large accounts which meets certain criteria. Those accounts facing severe financial difficulties might be put for restructuring or some write-down or larger provisions can be allowed. The paper describes resolution plans that can be implemented to service the debt. An Overseeing Committee (OC) will be formed by the Indian Banks’ Association (IBA) in consultation with the Reserve Bank for overseeing the stressed assets cases. Eligible Accounts
Sustainable Debt
Resolution Plan
Analysis:
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