New SDR norms
- Only projects that have commenced operations are eligible for this
- Meant for large accounts where the aggregate exposure is more than Rs 500 crore
- Promoter and management will have to be necessarily removed if any intentional wrongdoing on their part is established
- Lenders will have to present resolution plan to an external committee and get it approved
- These new norms will provide a breather to both banks and promoters
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