DBOD.No.BP. 1316 /21.04.132/2006-07 April
23, 2007 All Commercial Banks
(excluding RRBs & LABs) Dear
Sir, Working Group to review the existing guidelines on restructuring
of advances and align them with the guidelines on CDR Mechanism Please
refer to para 174 of Annual Policy Statement for the Year 2006-07, wherein it
was proposed that a working group will be constituted to review and align the
existing guidelines on restructuring of advances (other than under CDR mechanism)
on the lines of provisions under the revised CDR mechanism. Accordingly, a working
group comprising members from commercial banks, Indian Banks' Association (IBA),
and the Reserve Bank was constituted. 2. The Group has
since submitted its report
which is placed in public domain and will be open for comments for a period of
two weeks from the date of this letter. Comments on the recommendations of the
Group may be addressed to Chief General Manager-in-Charge, DBOD, RBI, 12th floor,
Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001 (Fax – 91-22-22705691). The comments
may also be sent by e-mail.
Yours
faithfully,
(Prashant Saran)
Chief General Manager-in-Charge |