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.
*CFETS announces list of participants allowed in interbank RMB trading
*China issues rules to clean up P2P lending
*MAS proposes National Payment Council
*RBI announces rules on group exposure framework
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.
The percentage of Asia-Pacific companies reporting late payment issues remained high in 2015, and the situation isn’t expected to get better, with China proving a special concern.