Legislative changes

Amendments to Prevention of Corruption Act Further strengthening wilful default guidelines

EXISTING RESOLUTION SCHEME: 5/25 scheme

This scheme allows long term project loans in infra and core sectors with 25 years tenure to be refinanced after every five years. Since 2014

ESTIMATED AMOUNT LOCKED ` 3.16 lakh crore GAPS

No commitment from promoter for higher equity Loan must be an standard loan for refinancing Under implementation projects are not considered

ABIZER DIWANJI Partner and National Leader, EY

“There is a need for banks to take deep haircuts. There is a need for a turnaround strategy for every business. We discuss the restructuring of the debt , but the whole culture or mindset of turnaround is not there”