Kamath committee picks 26 sectors for loan restructuring, says RBI |ForumIAS

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News: Reserve Bank of India has released the K V Kamath-led Committee report and has broadly accepted its recommendations.

Facts:

Background: RBI had formed a five-member committee under the chairmanship of KV Kamath to make recommendations on the financial parameters and the sectors to be considered for the one-time restructuring of loans impacted by the Covid 19 pandemic.
What did the committee recommend? The committee has recommended five financial ratios for 26 sectors which could be factored by lending institutions while finalizing a resolution plan for a borrower.