The committee will also be fully empowered to consult or invite any person it deems fit, and can devise its own procedures for its internal functioning, the RBI
The expert committee will make recommendations on the required financial parameters to be factored in the resolution plans, with sector specific benchmark ranges for such parameters. The committee will also undertake the process validation for the resolution plans “without going into the commercial aspects,” of all accounts with aggregate exposure of Rs 1,500 crore and above at the time of invocation.
The committee will submit its recommendations on the financial parameters to the Reserve Bank which, in turn, will notify the same along with modifications, if any, in 30 days, the RBI
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