Kamath committee suggestions are a good start for resolving a big problem

The exclusion of non-bank finance companies (NBFCs) is interesting, as this is sector is heavily leveraged and could face the same problem as banks from their clients

The expert committee on resolution of Covid-19 related stressed assets has brought out a rather cogent report, which identifies the sectors to be included as well as the parameters that would set the perimeter for inclusion. What is significant is that the approach is differentiated across sectors. It is not a case of one size fits all, which would have skewed the picture. The report has identified 26 sectors to be included and uses five indicators, which include representation for leverage, liquidity and debt servicing. 

The other contours in terms of eligibility has already been notified by the Reserve