Kamath panel identifies 26 stressed sectors, outlines rules for recast

Bankers estimate loans worth Rs 4-4.5 trillion would need recast going by the panel rules

The Reserve Bank of India-appointed (RBI-appointed) expert committee on a resolution framework for bank loans stressed on account of the pandemic has outlined parameters to deal with 26 sectors buffeted by Covid-19.

The findings of the committee have been accepted by the RBI, which on Monday issued a circular detailing the financial parameters to be followed by lending institutions.

According to the much-awaited report, the pandemic affected retail and wholesale trade, roads, textiles, and engineering the hardest, while sectors that were already under stress, such as non-banking financial companies (NBFC), power, steel, and real estate, piled up more misery due