Corporates facing bankruptcy in India will get a second chance before landing in insolvency court after RBI approves ‘provisional ratings’ based on restructure agreements.
India's central bank proposes change to rules that force subsidiaries to settle their own hedging transactions, a move that would cut costs and improve efficiency for MNCs.
In an attempt to guide the country’s largest borrowers away from overdependence on bank loans, the Reserve Bank of India has moved to make bank facilities more costly for them.
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India’s central bank introduces a new scheme to deal with non-performing assets, allowing lenders to divide borrowers’ debt into sustainable debt and equity instruments.