First Notes - 25 March 2014

First Notes - 25 March 2014

RBI’s framework for revitalising distressed assets in the economy for NBFCs

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The Reserve Bank of India (RBI) released a ‘Framework for Revitalising Distressed Assets in the Economy’ on 21 March 2014 which sets out guidelines for the early recognition of financial distress, taking prompt steps for resolution and ensuring fair recovery for NBFCs.  

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