To turn corporate bad loans into performing assets, the Reserve Bank of India has nudged its debt restructuring rules to grant lenders an easier way out of defaulting companies.
The People’s Bank of China wavered on the renminbi’s fixed rate in the first week of 2016, leaving many puzzled as to its stance on the currency and questioning the transparency of its policies.
China has eased restrictions on Chinese non-financial corporations (corporates) looking to raise funds overseas, but market conditions mean they are unlikely to embrace the opportunity.
India’s central bank wants to stop long-term export advances being issued for struggling Indian firms to repay rupee loans. However, the guidelines appear riddled with holes.
China has decided to extend voluntary settlement of foreign exchange capital nationwide to make FX capital settlement easier for foreign-invested enterprises.