Thu, Jun 22, 2017
RBI has enlarged the overseeing committee to review resolution under the S4A scheme where corporates exposure of loan is Rs 500 crore in banks gross NPAs.
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Mon, Jan 09, 2017
HCC added, “LIC of India and Vijaya Bank are also in the process of the completing their respective internal processes for S4A scheme and upon completion of the same, it will further proceed to issue and allot corresponding equity shares and OCDs to them.”
Wed, Jun 15, 2016
This S4A involves substantial write-down of debt dividing it into sustainable and non-sustainable category and/or making large provisions, will deal in strengthening the financial structure of entities facing genuine difficulties and bringing real asset back on track.
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