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RBI reviews timelines for resolution under Prudential framework on Resolution of Stressed Assets

May 27, 2020
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The RBI has reviewed the timelines for resolution under Prudential framework on Resolution of Stressed Assets. As a result, accounts which were within the Review Period as on March 1, 2020, the period from March 1, 2020 to August 31, 2020 shall be excluded from the calculation of the 30-day timeline for the Review Period. In respect of all such accounts, the residual Review Period shall resume from September 1, 2020, upon expiry of which the lenders shall have the usual 180 days for resolution.

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