“This should help in reducing the timeline for resolution of the stressed assets. The banks and industry would welcome this as the committee’s recommendation would mitigate the risk of scrutiny of their assessments in case of non-performance of the restructured assets,” said Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP. The resolution window would offer the banks an opportunity to clean up the books of Covid induced stress and also give a breather to affected industries, he added.
