Stressed Assets Management

Stressed Assets Management:

  • Major activities:

    1. The Standing Committee on 'Stressed Assets Management' provides special focus on supporting and guiding the member institutions for containing the Stressed Loan Assets in the financial system.
    2. IBC 2016: Identifying emerging needs for improvement in the Insolvency & Bankruptcy Code 2016 (IBC 2016).
    3. Coordination with the RBI & the Govt of India in matters relating to Regulatory framework governing Management of Stressed Assets and resolution.
    4. Facilitating effective leveraging of the RDB Act, DRT / DRAT & SARFAESI Act frameworks
    5. Facilitating Coordination in the framework of Asset Reconstruction Companies (ARCs)
    6. Coordination relating to regulatory frameworks on the aspects of declaring Wilful default, Fraud & Compromise settlements in loan accounts.