The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says a report. In the budget, the government had said for purchase of high-rated pooled assets of financially-sound NBFCs, amounting to Rs 1 trillion during the current financial year, […]
Finance Minister Nirmala Sitharaman on June 25 said the Centre is in talks with the Reserve Bank of India (RBI) on the subject of one-time restructuring of loans to provide relief to companies that are reeling under stress due to the unprecedented economic fallout from the COVID-19 pandemic. Sitharaman said the Centre was also looking
FM Sitharaman in talks with RBI on restructuring of loans Read More »
Impairment analysis Due to Covid-19, it is evident that many businesses supply and demand affected and this area must be assessed thoroughly to determine the impairment. Events such as inventory obsolescence or cash generating units whose market value decline is an indicator of impairment. Provision on trade receivables due to sudden extension in tenure would