Central Repository of Information on Large Credits (CRILC)
The RBI has set up a Central Repository of Information on Large Credits (CRILC) to collect, store, and disseminate …
Read MoreJoint Lenders Forum (JLF)
The Joint Lender’s Forum is a dedicated body of lender banks that is formed to speed up decisions when …
Read MoreWillful Defaulter
A willful defaulter is an entity or a person that has not paid the loan back despite the ability to …
Read MoreStrategic Debt Restructuring (SDR)
SDR is a scheme designed to recover bad assets of banks. Or in other words, it aims to convert bad …
Read MoreResolution Corporation
As per the Financial Resolution and Deposit Insurance Bill, 2017l, a Resolution Corporation will be formed to look after the …
Read MoreFinancial Resolution and Deposit Insurance Bill, 2017
The Bill aims to create a comprehensive resolution framework for the specified financial institutions in the country. The Bill if …
Read MoreProvisioning Coverage Ratio
Provisioning coverage ratio is the percentage of bad assets/classified assets that the bank has to provide for (keep money) from …
Read MoreProvisioning
Provisioning is a mechanism to counter bad assets. Under provisioning, banks have to set aside or provide funds to a …
Read MoreWritten off Assets
Written off assets are those the bank or lender doesn’t count the money borrower owes to it. The financial statement of …
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