India’s regulator is putting a spotlight on dealings between banks and troubled borrowers by requiring listed companies to report within one working day missed interest or installment payments on loans.
Publicly traded companies in India from Oct. 1 will need to notify the stock exchange of a default on a bank loan, following an order from the Securities and Exchange Board of India this month. The move may help Indian authorities to stem mounting bad loans by putting pressure on bor ..
“Transparency has finally arrived – a little late, but never the less a welcome arrival for an information-hungry market,” Hemindra Hazari, a Mumbai-based independent banking analyst who publishes at Smartkarma. “While this may improve borrower discipline, there will be tremendous pressure on banks, financial institutions and credit rating agencies, and on their credibility.”
Hello, My Name Is Sandip Oli. I am Form Kathmandu, Nepal.
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