V. Kamath committee

  • August 8, 2020
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Subject: Economy

Context:

Reserve Bank of India (RBI) has formed a five member committee under the chairmanship of former ICICI Bank CEO KV Kamath.

Concept:

  • The immediate task of the committee is to recommend a list of financial parameters to be factored into the assumptions that go into each resolution plan, and the sector specific benchmark ranges for such parameters.
  • The parameters will include aspects related to leverage, liquidity, debt serviceability
  • The expert committee shall submit a list of financial parameters and the sector-specific desirable ranges for such parameters to the Reserve Bank, which, in turn, will notify the same, along with modifications, within 30 days.
economy V. Kamath committee