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ICICI Direct Report
The KV Kamath Committee has submitted its recommendations on financial parameters to be factored in for restructuring of Covid-19 corporate stress.
The report indicates sector specific leverage and debt servicing metrics to be gauged by lenders in lieu of restructured accounts by FY22, FY23E.
The committee will also validate resolution plans wherein aggregate exposure is Rs 1,500 crore or above.
On August 06, 2020, the Reserve Bank of India announced a framework, which allowed lenders to restructure corporate and personal loans.
As per these guidelines, only those borrowers would be eligible for resolution, which were classified as standard or special mention accounts-0 (less than 30 days default) with the lending institution as on March 01, 2020.
These guidelines exclude micro small and medium enterprise borrowers with less than Rs 25 crore exposure as on March 01, 2020, farm credit, credit to financial institutions, credit to any state or central government bodies and loan to own staff.
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