Glossary Terms

04

Nov'17

Moral Hazard Problem

The moral hazard problem arises when a party has a tendency to embrace more risk knowing that the cost of …

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04

Nov'17

Stress Testing

Stress testing is a practice widely adopted by central bankers to measure the capacity of individual institutions and the system …

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04

Nov'17

Debt Recovery Tribunals (DRTs)

Debt Recovery Tribunals were established to facilitate the debt recovery involving banks and other financial institutions with their customers. DRTs …

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04

Nov'17

Asset Reconstruction

Asset reconstruction is the activity of converting a bad or non-performing asset into performing asset. The process of asset reconstruction …

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04

Nov'17

Securitization

Securitization is the process of pooling and repackaging of financial assets (like loans given) into marketable securities that can be …

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04

Nov'17

SARFAESI Act 2002

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 is a legislative provision that …

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04

Nov'17

Prompt Corrective Action Framework

Prompt Corrective Action Plan are the RBI suggested measures that should be a taken by banks when certain financial indicators …

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04

Nov'17

Asset Reconstruction Companies (ARCs)

ARCs clean up the balance sheets of banks when the latter sells these to the ARCs. This helps banks to …

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04

Nov'17

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 credit …

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04

Nov'17

Joint Lenders Forum (JLF)

The Joint Lender’s Forum is a dedicated body of lender banks that is formed to speed up decisions when an …

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