Expert committee for Stressed Assets

Recently RBI set up an expert committee under K V Kamath to suggest financial parameters for resolution of covid-19 related stressed assets.
Resolution Framework for Covid-19-related Stress envisages to make recommendations on the required financial parameters to be factored in into the resolution plans, with sector-specific benchmark.
Assets of the banking system comprises of loans given and investment (in bonds) made by banks.
Quality of the asset indicates how much of the loans taken by the borrowers are repaid in the form of interests and principal.
Stressed assets = NPAs + Restructured loans + Written off assets
NPA - means interest or principal is not repaid by the borrower during a specified time period (‘overdue’ for a period of 90 days.)
Bad assets are further classified into substandard asset, doubtful asset, and loss assets depending upon how long a loan remains as an NPA.
Restructured loans - Assets which got an extended repayment period, reduced interest rate, converting a part of the loan into equity, providing additional financing, or some combination of these measures.
Written off Assets - Those the bank or lender doesn’t count the money borrower owes to it.
The financial statement of the bank will indicate that the written off loans are compensated through some other way.