MANU/RMIC/0193/2016

Ministry : Reserve Bank of India

Department/Board : Department of Banking Regulation

Circular No. : DBR.No.BP.BC.33/21.04.132/2016-2017
                   RBI/2016-2017/121

Date : 10.11.2016

Notification/ Circulars Referred : Circular DBR.No.BP.BC.103/21.04.132/2015-16 dated June 13, 2016 MANU/RMIC/0096/2016

Citing Reference:
Circular DBR.No.BP.BC.103/21.04.132/2015-16 dated June 13, 2016 MANU/RMIC/0096/2016  Referred

All Scheduled Commercial Banks
(Excluding RRBs),
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Non-Banking Financial Companies, including
Securitisation Companies/ Reconstruction Companies

Madam / Dear Sir,

Scheme for Sustainable Structuring of Stressed Assets - Revisions

We invite a reference to the paragraph 6 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016 (extract enclosed). It was proposed therein to allow the portion of debt determined to be sustainable (under the Scheme for Sustainable Structuring of Stressed Assets) to be treated as a 'Standard' asset in all cases, subject to certain conditions.

2. Accordingly, the Scheme for Sustainable Structuring of Stressed Assets has been partially modified as indicated in the Annex. All other provisions of the Scheme remain unchanged.

Yours faithfully,
(Ajay Kumar Choudhary)
Chief General Manager

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Annex

Scheme for Sustainable Structuring of Stressed Assets - Revisions

The asset classification norms for loans under the Scheme for Sustainable Structuring of Stressed Assets, in cases where there is no change of promoters, are prescribed in paragraph 9(B) of circul........