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24 C ABM Rehabilitation Recovery
What is the primary objective of rehabilitation of a sick industrial unit under Indian banking norms?
The primary objective is to revive and restore the unit to a viable state so that it can repay its dues to banks and resume normal operations, thereby preserving employment and economic value.
What is 'Scheme for Sustainable Structuring of Stressed Assets' (S4A) introduced by RBI?
RBI scheme to restructure debt of large stressed projects into sustainable and unsustainable portions.
Which RBI circular governs the framework for resolution of stressed assets in Indian banks?
The RBI Prudential Framework for Resolution of Stressed Assets (June 2019) governs the resolution framework, replacing the earlier schemes like S4A, SDR, and 5/25 refinancing.
What is 'Joint Lenders Forum' (JLF) in the context of stressed asset resolution?
A forum of all banks with exposure to a stressed borrower to collectively resolve the account.
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