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The 5:25 scheme allows banks to extend long-term loans of 20-25 years to match the cash flow of projects, while refinancing them every 5 or 7 years. Until now, banks were typically not lending beyond 10-12 years. As a result, cash flows of infrastructure firms were stretched as they tried to meet shorter repayment schedules. Under SDR, banks who have given loans to a corporate borrower gets the right to convert the full or part of their loans into equity shares in the loan taken company. The SDR scheme which was introduced by the RBI in June 2015 thus helps banks recover their loans by taking control of the distressed listed companies. The SDR an initiative can be taken by the group of banks or JLF that have given loans to the particular defaulted entity. Scheme for Sustainable Structuring of Stressed Assets (S4A) -a distressed company to be eligible for S4A, the RBI has laid down three conditions. The project must be operating and already generating cash. The total loans to the entity should be ₹500 crore or more. The lending banks are required to hire an independent agency to evaluate how much of the debt is ‘sustainable’. For the loan to be eligible for S4A, at least 50 per cent of it should be ‘sustainable’. While RBI’s earlier ideas to resolve bad loans such as Strategic Debt Restructuring (SDR) required banks to oust existing promoters, S4A allows the incumbent management to continue, as long the default isn’t wilful.
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The old telephone ______ nobody wants has been thrown into the junkyard.
Directions : In the following passage, some of the words have been left out and replaced by a blank represented by a letter. First read the passage an...
Blogger's new image feature has ______________ my template which I haven't touched in years.
The Chief Justice of India and the chief justices of high courts _________ absolute power in the matter of assigning cases to colleague judges.
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She tried to _______ by finishing the work early, but it ended up being full of mistakes.
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I didn't care____________the expense; I want the party to be a real success.
...Fill in the blanks using appropriate forms of the words given in brackets from the choices given below them.
Quality of life varies ____from one...
In the following question a sentence is given with a blank followed by 5 options. From the given options choose the option which can fill the given bla...
The demonetization of high-value currency notes and the ________ of the goods and services tax regime have triggered a surge in the number of those fili...
Select the most appropriate option to fill in the blank.
My sister unlike my brothers __________ to have a career in Engineering.