RBI constitutes committee for financial parameters to be factored in Resolution Framework for Covid19-related Stress; Head- Shri K.V. Kamath

RBI constitutes committee for financial parameters to be factored in Resolution Framework for Covid19-related Stress; Head- Shri K.V. Kamath

• The Reserve Bank of India has announced the constitution of an Expert Committee to make recommendations on the required financial parameters to be factored in the Resolution Framework for Covid19-related Stress’.

• The committee will be headed by Shri K.V. Kamath. (President of New Development Bank)

• There will be 4 other members in this committee as- Shri Diwakar Gupta, Shri T.N. Manoharan, Shri Ashvin Parekh and CEO, Indian Banks’ Association. The Indian Banks’ Association shall function as the Secretariat to the Committee.

• The Reserve Bank had announced a ‘Resolution Framework for Covid19-related Stress’, as a special window under the Prudential Framework on Resolution of Stressed Assets in its Monetary Policy Statement on August 6, 2020.

Points to remember:

1. Who is the chairman of the expert committee formed by RBI on Resolution Framework for Covid19-related Stress?

Source: RBI