Current Context: The Reserve Bank of India has set up a committee which will work to tackle the financial parameters which have arisen due to COVID-19 related stressed assets.
- The committee is headed by K V Kamath. The committee will be submitting its solutions and recommendations to RBI in 30 days.
- RBI has also announced that it will develop a special window to be titled as ‘Resolution Framework for COVID-19 related Stress’. This specialized window will be under Prudential Framework on Resolution of Stressed Assets.
- The committee formed by RBI will perform the process of validation for the resolution plans which will be implemented under the framework in respect of all accounts.
- The other members of the committee are Diwankar Gupta, T N Manoharan and Ashvin Parekh.
- The committee will work to reduce financial stress being faced due to COVID-19 pandemic.
- Static Part:
- HQ of RBI: Mumbai
- Governor of RBI: Shaktikanta Das
Question:
Q.1 Who is head of the committee which is formed by RBI to suggest financial parameters to tackle COVID-19 related stressed assets?
a. Diwankar Gupta
b. T N Manoharan
c. K V Kamath
d. Ashvin Parekh
a. Diwankar Gupta
b. T N Manoharan
c. K V Kamath
d. Ashvin Parekh
