Finance Minister’s review on COVID-19 related stress in bank loans

August 30, 2020 2:54 pm

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The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman chairing the 41st GST Council meeting via video conferencing, in New Delhi on August 27, 2020. The Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur and other dignitaries are also seen.

Finance Minister to Review with Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans

By PIB Delhi

Union Minister for Finance & Corporate Affairs Smt. 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 on Thursday, 3rd September 2020.

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 discussing issues that require addressing for smooth and speedy implementation.

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