Stressed Assets definition

Stressed Assets means the assets financed by IDBI in the form of loans and advances,
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Stressed Assets means loan accounts identified by the Bank, where the principal or interest payment or any other amount wholly or partly overdue (any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank) OR outstanding balance remains continuously in excess of the sanctioned limit or drawing power, whichever is lower, for a period of more than 30 days;
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Stressed Assets means loan accounts identified by the Bank, where the principal or interest payment or any other amount wholly or partly overdue(any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank) OR outstanding balance remains continuously in excess of the sanctioned limit or drawing power, whichever is lower, for a period of more than 30 days;
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Examples of Stressed Assets in a sentence

  • The Company agrees and undertakes to forthwith take all steps and actions, as may be necessary or required for the purpose of implementing any restructuring scheme pursuant to the Stressed Assets Framework or any other Applicable Law.

  • This Committee has submitted its report which comprises of a 'Bank Led Resolution Process' and a 'Five-pronged Strategy to resolve Stressed Assets called as Project Sashakt'.

  • The Central Government set up a Special Purpose Vehicle in the form of Trust by the name 'Stressed Assets Stabilisation Fund (SASF) vide Trust Deed dated September 24, 2004, with the object of acquiring the Stressed Assets of IDBI for the purpose of recovering the amounts due there under.

  • The Reserve Bank of India has issued directions called the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 containing revised framework with a view to providing a framework for early recognition, reporting and time bound resolution of stressed assets on June 7, 2019 (hereinafter referred to as the extant “Regulatory Framework ”, which term shall also include the amendments, modifications or replacements that are made from time to time).

  • No actions have been initiated or contemplated against any of the Obligors under the Prudential Framework for Resolution of Stressed Assets or any such guidelines as applicable, except to the extent that such misrepresentation, when taken together with a breach of any other representation on solvency over the tenor of the Debt Securities, would impact less than 5% (five percent) of the annual EBITDA of the Issuer.

  • In view of the above, the ▇▇▇▇▇ ▇▇▇▇▇ Committee (Stressed Assets) was set up to look into the faster resolution of stressed assets.

  • The Reserve Bank of India (RBI), vide its circular dated february 12, 2018 has issued a revised framework for Resolution of Stressed Assets ("RBI Circular").

Related to Stressed Assets

  • Risk Weighted Assets means the risk weighted assets or total risk exposure amount, as calculated by the Company in accordance with the Capital Regulations applicable to the Group.

  • Distressed merchandise means an alcoholic product in the possession of the

  • Distressed area means a local governmental unit that meets all of the following:

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Purchased Assets has the meaning set forth in Section 2.1.