Keyfeaturesofthecircular •TheGuidelineswillbeeffectiveprospectivelyforallrestructuredassets;however,itwillalsobeapplicabletoexisting restructuredassetswhichhave the clause for converting debt into equity as part of the agreement. • The lenders under the JLF should become the majority shareholders ie have...
₹50 crore and up to ₹500 crore as on 29.2.2020. Accordingly, in addition to the five sectors announced under the scheme on October 21, 2020, it is now proposed to bring the 26 stressed sectors identified by the Kamath Committee within the ambit of sectors eligible under on tap ...
“The recently issued regulatory guidelines on digital lending strike a well considered balance between customer protection and business conduct on the one hand and supporting innovation on the other,” Das said. He stressed that innovations must be responsible and should enhance the efficiency and res...