Other than just expressing concerns and sending alert signals, NBFCs may need to do self introspection and course correction, for which they would have expected granular observations, as in the case of gold lending vide circular dated September 30, 2024. It may be the expectation of the ...
•Limitsdiscretion.Thenewguidelinesmakeitincumbentuponbanksto:a)incorporatetheserulesintorestructuring agreements;andb)implementthetakeoverclausesifmilestonesarenotmet.Thelimiteddiscretionwillspeedup resolutionandpreventissueslikemultiplerestructuringofthesameaccount. Keyfeaturesofthecircular •TheGuidelineswillbeeffectiv...
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