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 wants to stop long-term export advances being issued for struggling Indian firms to repay rupee loans. However, the guidelines appear riddled with holes.
It seems treasurers are hard to please. Based on research compiled by East & Partners, the level of satisfaction of transaction banking services in Asia is misaligned with the quality of service they are getting.