RBI extends TLTRO facility to 26 sectors identified by Kamath Committee
Under the new credit scheme, banks would be able to lend stressed companies from 26 sectors identified by the KV Kamath committee earlier this year
#Live | Guaranteed credit for entities in 26 stressed sectors identified by Kamath Committee plus health care sector with credit outstanding of above Rs 50 cr & up to Rs 500 cr as of 20.2.2020. Those up to Rs 50 cr previously covered under existing scheme: @nsitharaman , FM.
FM @nsitharaman announces a Credit Guarantee Support for all stressed sectors. Says ‘Scheme will cover 26 sectors identified by Kamath Committee, plus healthcare sector, with credit outstanding of Rs 50 cr – Rs 500cr’
The KV Kamath committee has selected 26 sectors which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the COVID-19 pandemic.
RBI set up a five-member committee under K.V. Kamath on 7 August to recommend eligibility parameters for restructuring stressed loans
@UnionBankTweets 's MD & CEO speaks to @_prashantnair & @Reematendulkar ; Says he expects proactive recommendations from the KV Kamath committee and expresses confidence over the committee’s ability to ensure measures around loan restructuring aren’t misused by corporates