One-time loan recast: Tricky road lies ahead for Kamath panel, say experts

Govt appoints four more members; norms in 30 days after recommendations

The Reserve Bank of India (RBI) on Friday constituted the K V Kamath committee on one-time loan restructuring, but experts say it won’t be easy for the panel to negotiate the rocky road that led to the failure of all such efforts in the past.

The scheme has been welcomed by former central bankers known for their conservatism. For example, recently retired RBI deputy governor N S Vishwanathan, one of the key architects of the original June 7 resolution circular, told Business Standard that he “fully” endorsed the resolution process declared by the RBI.

In recent days, Vishwanathan advocated tightly-held restructuring processes