Recently, seven of the 10 public sector banks slated for merger have invited independent experts to determine their share swap ratios.
Source : Civil Services Chronicle Online, October, 2019
Why is it in News?
Sashakt committee has praised the mandatory norm of Inter Creditor Agreement (ICA) for its effectiveness in tackling bad loans.
Source : The Indian Express
RBI released new norms on NPA management for banks on 7 June 2019.