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STRESSED ASSET MANAGEMENT RESOLUTION AGENTS SCHEME APPOINTMENT OF RESOLUTION AGENTS The salient features of integrated scheme for appointment of Resolution Agents are furnished below: 1. Coverage a)
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Stressed asset management-resolution refers to the process of identifying and resolving distressed assets within a financial institution's portfolio.
Financial institutions and banks are required to file stressed asset management-resolution.
Stressed asset management-resolution can be filled out by providing detailed information on distressed assets, proposed resolution strategies, and timelines for resolution.
The purpose of stressed asset management-resolution is to effectively manage and resolve distressed assets in order to minimize losses for the financial institution.
Information such as details of distressed assets, reasons for distress, proposed resolution plans, and progress updates must be reported on stressed asset management-resolution.
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