{"id":2316,"date":"2017-06-18T17:28:14","date_gmt":"2017-06-18T11:58:14","guid":{"rendered":"http:\/\/blog.forumias.com\/?p=2316"},"modified":"2021-04-26T16:57:39","modified_gmt":"2021-04-26T11:27:39","slug":"joint-lenders-forum","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/joint-lenders-forum\/","title":{"rendered":"Joint Lender\u2019s Forum"},"content":{"rendered":"<ul>\n<li><span style=\"font-size: 1rem;\">RBI\u2019s joint lenders\u2019 forum (JLF) guidelines came into effect in 2014 after the central bank put a new framework in place to tackle stressed assets.<\/span><\/li>\n<li><span style=\"font-size: 1rem;\">JLFs were intended to recognize stressed assets early and come up with a corrective action plan (CAP) within 45 days.<\/span><\/li>\n<li><span style=\"font-size: 1rem;\">Upon agreement by a minimum of 75% of lenders by value and 60% of the lenders by number restructuring of the account may be carried out under the Corporate Debt Restructuring (CDR) Mechanism.<\/span><\/li>\n<li><span style=\"font-size: 1rem;\">RBI has asked banks to set up an empowered group (JLF-EG) which will be tasked to approve the restructuring package.<\/span><\/li>\n<li><span style=\"font-size: 1rem;\">Banks will have to implement the plan agreed upon without any additional conditions and there would be a monetary penalty on those who veer away from the decision.<\/span><\/li>\n<\/ul>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>RBI\u2019s joint lenders\u2019 forum (JLF) guidelines came into effect in 2014 after the central bank put a new framework in place to tackle stressed assets. JLFs were intended to recognize stressed assets early and come up with a corrective action plan (CAP) within 45 days. Upon agreement by a minimum of 75% of lenders by&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/joint-lenders-forum\/\">Continue reading <span class=\"screen-reader-text\">Joint Lender\u2019s Forum<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-2316","post","type-post","status-publish","format-standard","hentry","category-kb","entry"],"jetpack_featured_media_url":"","views":{"total":79,"cached_at":""},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/2316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=2316"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/2316\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=2316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=2316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=2316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}