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When the principal or interest payment for a particular loan is overdue between 61 and 90 days (and not exceeding 90 days), this is called special mention account-2 or SMA-2.JLFs meetings are held to revitalise stressed assets. In JLF banks attempt to red-flag stress early and check them by putting in place a corrective action plan (CAP). RBI has lowered the threshold needed for implementing the corrective action plan (CAP). Now, the decisions agreed to by a minimum of 60% of creditors by value and 50% of creditors would now be valid to implement the CAP. Decision taken by the JLFwould be binding on all other lenders.
According to the RBI advisory, banks, non-banking financial companies (NBFCs), and other financial institutions like NABARD & SIDBI will not be able to ...
Which country became the first to import 40 megawatts of electricity from Nepal via India's power grid, as part of a trilateral agreement in 2024?
The Foreign Exchange Management Act was enacted in ___________________.
Which eminent Indian astrophysicist received the COSPAR Harrie Massey Award 2024?
What is the strike range of indigenously developed nuclear capable Prithvi-II missile?
Which word has been named the most notable word of 2023 by Collins Dictionary?
Who is one of the nominees for the 2023 men's World Athlete of the Year award?
_________ has entered into an agreement with Bigfoot Retail Solution Pvt Ltd (Shiprocket) to directly generate e-PBE (Postal Bill of Export) and shippin...
Which bank has been provided a relaxation of 3 years by the Reserve Bank of India to comply with the priority sector lending norms though no rela...