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RBI Forms Panel For Referring Accounts For Resolution Under Insolvency And Bankruptcy Code, 2016
aasavri Rai
19 July 2017 11:24 AM IST
The Reserve Bank of India has constituted an Internal Advisory Committee (IAC) for referring accounts for resolution under the Insolvency and Bankruptcy Code, 2016 (IBC).In particular, the IAC recommended for IBC reference all accounts with fund and non-fund based outstanding amount greater than Rs. 5,000 crore, with 60% or more classified as non-performing by banks, as of March...
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