As January 7 deadline set by RBI looms, inter-creditor agreements are yet to be signed for exposures amounting to Rs 33,610 crore. Resolution plans under the ICA framework have been taking longer than anticipated because banks and non-bank lenders, such as mutual funds and insurance companies, appear to have differences of opinion.
from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/39yGNOK
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Wednesday, January 1, 2020
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Resolutions via inter-creditor agreements off to a slow start
Resolutions via inter-creditor agreements off to a slow start
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