FM Nirmala Sitharaman to review with top management of Scheduled Banks and NBFCs on Sep 3

Finance and Corporate Affairs minister Nirmala Sitharaman will review with the top management of Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans. She will take stock of the situation with top officials on 3rd September. 

 

The



review will focus on enabling businesses and households to avail of the revival framework on the basis of viability. Necessary steps like finalising bank policies and identifying borrowers, and issues that require addressing for smooth and speedy implementation will also be deliberated upon.