February 12 Circular

RBI's revised NPA norms give banks 30 days from default for resolution plan

Plan has to be implemented within 180 days after that

For India Inc, 30-day grace after loan default comes as a major relief

On February 12, 2018, the RBI had issued a circular under which banks were asked to initiate resolution or restructuring of loans of Rs 2,000 crore or more if there was a single day of default

New stressed asset norms will aid resolution prospects, say bankers

RBI has relaxed the threshold condition for upgrading an account under a resolution plan

IndAS norms on early loss recognition back into play, but in different form

The central bank has also said any action by lenders with an intent to conceal the actual status of accounts or evergreen stressed accounts will be subject to stringent supervisory action

Stressed power assets escape insolvency noose, but uncertainty remains

There are about 10 plants totalling 10 Gw, which are incomplete and are highly unlikely to find a buyer