RBI proposes draft norms for resolution plans in calamities
pre-market1 source ↓written by the desknot a recommendation
- public comments
- 17 Feb 2024
The Reserve Bank of India has proposed new draft norms allowing regulated entities (REs), including banks and NBFCs, to have complete discretion in designing resolution plans during natural calamities. These guidelines aim to rationalize existing prudential norms and will be open for public comments until 17 Feb 2024. This move may enhance operational flexibility for financial institutions in crisis situations.
Not investment advice. For informational purposes only.