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Kamath panel gives priority for realty – Spectraa Real Estate Advisory

Kamath panel gives priority for realty

RBI said lenders can consider other parameters while finalizing resolution assumptions, apart from the mandatory ratios. Banks must ensure that restructured loans meet specific financial parameters by March 2022, a committee set up by the central bank to suggest debt recast rules said, in a signal that it expects things to improve in less than two years from now.

In its report, the five-member panel led by K.V. Kamath identified five financial parameters to gauge the health of sectors facing difficulties. These include total outside liabilities to adjusted tangible networth, total debt to earnings before interest, taxes, depreciation, and amortization (Ebitda), debt service coverage ratio (DSCR), current ratio and average debt service coverage ratio (ADSCR).

RBI set up the panel led by former ICICI Bank chief executive Kamath on 7 August to recommend eligibility parameters for restructuring stressed loans.

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