|
POLICY
RATES
|
|
|
Bank Rate
|
9.0%
|
|
Repo Rate
|
8.0%
|
|
Reverse
Repo Rate
|
7.0%
|
|
Marginal Standing Facility Rate
|
9.0%
|
|
EXCHANGE RATES
|
|
|
INR / 1
USD
|
61.1310
|
|
INR / 1
Euro
|
84.5925
|
|
INR / 100
Japan YEN
|
59.7600
|
|
INR / 1 Pound Sterling
|
101.1718
|
· Buyback
of assets from SC/RCs by the Defaulters and acquisition of assets by SC/RCs
from sponsor banks
SC/ RCs
are not permitted to acquire any non performing financial asset from their sponsor banks on a bilateral basis, whatever
may be the consideration. However, they may
participate in auctions of non-performing assets by their sponsor banks
provided such an auction is conducted in
a transparent manner, on arms length basis, at prices determined by the market factors.
·
Promoters of the defaulting
company/ borrowers or guarantors are allowed to buy back their assets from the SC/RCs provided the
following conditions are met:
1.
Such a settlement is considered helpful
2.
The valuation of the asset is worked out by the
SC/RCs after factoring
3.
ARCs shall frame a Policy duly approved by the
Board of Directors, which should include the above aspects.
