RBI sets up committee on corporate loans

RBI has constituted a six-member committee on the Development of Secondary Market for Corporate Loans to come up with recommendations to increase the efficiencies of the debt market and aid in the resolution of stressed assets.

The committee, headed by TN Manoharan, Chairman, Canara Bank, will make recommendations on required policy/regulatory interventions for facilitating the development of the secondary market in corporate loans, including loan transaction platform for stressed assets.

Source- The Hindu Business Line

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