{"id":3163,"date":"2018-07-26T00:32:22","date_gmt":"2018-07-25T19:02:22","guid":{"rendered":"http:\/\/yourcareerheights.com\/?p=3163"},"modified":"2018-07-26T01:05:14","modified_gmt":"2018-07-25T19:35:14","slug":"project-sashakt-5-prong-strategy-on-stressed-asset-resolution","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=3163","title":{"rendered":"Project Sashakt: 5 prong strategy on stressed asset resolution"},"content":{"rendered":"
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Finance Minister\u00a0Piyush\u00a0Goyal\u00a0unveiled 'Project Sashakt', a five-prong strategy to deal with non-performing assets. Sashakt aims to strengthen the credit capacity, credit culture and credit portfolio of public sector banks.<\/h3>\n
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\"\"<\/a>What is Project Sashakt?<\/strong><\/p>\n

Project Sashakt<\/b>\u00a0was proposed by a panel led by PNB chairman Sunil Mehta.\u00a0 The Five-Prong Approach is as under:-<\/div>\n
1.\u00a0Outlining SME Resolution approach for Bad loans of up to \u20b950 crore\u00a0-<\/i><\/b>\u00a0which will be managed at the bank level, with a deadline of 90 days.<\/div>\n
2.\u00a0Bank-led Resolution Approach for bad loans between \u20b950-500 crore<\/strong>\u00a0-\u00a0<\/i>Under this approach\u00a0banks will enter an\u00a0inter-creditor agreement@<\/b>, authorizing the lead bank to implement a resolution plan in 180 days, or refer the asset to NCLT.<\/div>\n
3.\u00a0AMC_AIF Resolution Approach for loans above \u20b9500 crore<\/strong>\u00a0-\u00a0<\/i>The panel recom\u00admended an independent AMC, supported by institutional funding through the AIF. The idea is to help consolidate stressed assets.<\/div>\n
4.\u00a0NCLT \/ IBC Resolution Approach &<\/i><\/b><\/div>\n
5. Asset-Trading Platform Approach.<\/i><\/b><\/div>\n<\/div>\n
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