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JC - Legal Updates - New Norms on Stressed Assets Expected

Legal Updates

09 Jun 2023

New Norms on Stressed Assets Expected

New regulatory measures will be taken in relation to current Prudential Framework for Resolution of Stressed Assets.
The RBI has issued the ‘Statement on Development and Regulatory Policies’ on 8th June 2023, setting out statements for developmental and regulatory policy measures inter alia relating to the Prudential Framework for Resolution of Stressed Assets’ (the “Framework”) which was introduced by the RBI on 7th June 2019.
Technical Details:
To provide further impetus to the Framework and harmonize the instructions across all regulated entities, a comprehensive regulatory framework will be issued, inter alia governing compromise settlements and technical write-offs covering all regulated entities; and rationalize the extant prudential norms for implementation of resolution plans in respect of exposures affected by natural calamities.
JC Key Takeaways:

   Detailed guidelines are expected to take a coordinated approach with respect to stressed asset.

   Existing norms on settlement and compromise are going to see a movement.
For further details, please see:

PR3655A4AEA47C8F546AFAC2B3D74EC06CE1C.PDF (rbi.org.in)

●   Reserve Bank of India - Notifications (rbi.org.in)

For any queries/clarifications, please feel free to ping us and we will be happy to chat:

●  Mr. Ankit Sinha (ankit.sinha@jclex.com)
   Mr. Saurabh Sharma (saurabh.sharma@jclex.com)
Ms. Rupul Jhanjee (rupul.jhanjee@jclex.com