The one thing, which is commonly heard in the corridors of the financial world, is the looming concern as regards the huge NPA that banks are currently saddled with. Long drawn processes pertaining to insolvency has taken a toll on the credit realization in the country.
Tag: SARFAESI
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CCEA okays steps to operationalise IDF
The Cabinet Committee on Economic Affairs (CCEA) has approved the following steps to promote the operationalisation of Infrastructure Debt Funds (IDFs): (a) Capping of the annual guarantee fee payable to the concession authority at 0.05 per cent per annum of outstanding debt financed by the IDF NBFCs for the first three years of operation of the IDF NBFCs; and (b) Access to the benefits of Public Financial Institutions (PFI) status to IDFs like permitting IDF NBFCs to file Shelf Prospectus under
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Banks want easier implementation of SARFAESI Act
Some bankers suggest Reserve Bank of India (RBI) to bring about enabling framework for effective implementation of SARFAESI Act. Bankers argue that despite the existence of this act, they face difficulties at the field level in taking physical possession of mortgaged properties from defau