Question

Q. What was the objective of the K V Kamath Committee?

• A. Monetary Policy Framework Targets
• B. Recommend measures to deal with the impacts of the Covid-19 pandemic on the MSME sector.
• C. Non Performing Assets Management
• D. Recommend parameters for restructuring of corporate loans.

Answer 1

The correct option is D Recommend parameters for restructuring of corporate loans.

Explanation:

Introduction:

The Reserve Bank of India has set up the K.V. Kamath Committee for restructuring of loans impacted by the Covid-19 pandemic. As per the Supreme Court’s order, the Kamath panel report was released on September 7, 2020, by the central bank as a special window under the Prudential Framework on Resolution of Stressed Assets.

Objective:

The committee was headed by K.V. Kamath and its main objective was to recommend parameters for one-time restructuring of corporate loans.