KV Kamath committee

IN NEWS:

• The All India Bank Employees’ Association (AIBEA) has requested the Reserve Bank of India to review it’s decision to appoint KV Kamath as the head of the Expert Committee on COVID19 related loan restructuring.

About the committee:

• The objective to set the parameters and benchmarks for this programme aimed at resolution of stressed loans.
• The existing scheme for restructuring MSMEs is being extended to cover loans that were classified as standard as of March 1.
• The Expert Committee will also bring in sector specific benchmark ranges for the financial parameters that need to be taken into account while restructuring loans,
• In addition to the financial parameters that will cover aspects of leverage, liquidity, and debt serviceability among other things, the Expert Committee will also be called on to vet resolution plans for loans where the amount is Rs.1,500 crore or more.

PRELIMS QUESTION

"KV Kamath” committee, recently appointed, is related to:
(a)Tourism and Hospitality sector
(b)Infrastructure Development
(c)Sports and games industry
(d)Banking sector

Answer to prelims question