NPA resolution: IBA releases revised ICA draft to help banks

The Indian Banks’ Association (IBA) released a revised draft of the inter creditor agreement (ICA) on Tuesday, in compliance with the Reserve Bank of India’s revised circular on ‘prudential framework for resolution of stressed assets’, so that bankers could start work on resolution of specific stressed accounts.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KtZF8j