CDR Core Group definition

CDR Core Group means the smaller group within the CDR Standing Forum consisting of Chief Executives of IDBI Bank Ltd (IDBI), ICICI Bank Ltd. (ICICI), State Bank of India (SBI), Bank of Baroda (▇▇▇), Bank of India (BOI), Punjab National Bank (PNB), Indian Banks’ Association (IBA) and Deputy Chairman of Indian Banks’ Association representing foreign banks in India (DCIBA).
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Examples of CDR Core Group in a sentence

  • If the parties to the dispute agree, the arbitration shall be by sole arbitrator approved by the CDR Core Group.

  • The aforesaid RBI circulars and the rules and regulations framed, policies and guidelines issued or procedures laid down or the decisions taken by the CDR Standing Forum, the CDR Core Group, the CDR Empowered Group and the CDR Cell in accordance with the guidelines on CDR System issued by RBI shall form the basis of this Agreement.

  • The Non-Complying Lender shall pay such amount as may be determined by the CDR Core Group by way of compensation and upon failure by the Non-Complying Lender to make the payment, the Non-Complying Lender agrees and authorises the Reserve Bank of India to debit its account to the extent of the amount of compensation and transfer the said amount to the CDR Fund.

  • The CDR Cell shall receive the references, conduct such preliminary enquiries as may be deemed necessary, associate itself in preparing and finalizing proposals for Restructuring Schemes in consultation with Referring Lender/s, consideration thereof by the CDR Empowered Group and assist the CDR Standing Forum, CDR Core Group and CDR Empowered Group in their functions for implementation of the CDR System.

  • Such representative may be permitted by the CDR Core Group to put forth the views of the institution he represents.

  • If a member of the CDR Core Group is a party to the dispute, its representative shall not participate in the negotiations.

  • The CDR Core Group will be carved out of the CDR Standing Forum to assist the Standing Forum in convening the meetings and taking decisions relating to policies on behalf of the Standing Forum.

  • The Non-Complying Lender may within 15 days from the date of communication of the decision of the CDR Empowered Group as above, prefer an appeal to the CDR Core Group.

  • The Participating Financial Institutions and Banks shall, in good faith, comply with the provisions of this Agreement and the decisions taken by the CDR Standing Forum, CDR Core Group, CDR Empowered Group and CDR Cell, pursuant to the provisions of this Agreement.

  • The CDR Core Group shall make such rules and regulations and lay down procedures as may be necessary for processing the Restructuring Schemes, holding of meetings, maintenance of registers, accounts, records, secrecy and confidentiality provisions, personnel matters, conditions of service of the staff posted in the CDR Cell and such other matters as may be authorised by the CDR Standing Forum.