The pace of India’s economic recovery has slowed down significantly after the second wave of the Covid-19 pandemic. Banks in the country have turned cautious after the second wave and have tightened lending even as companies and individuals are seeking more credit. At the moment, banks in the country have turned cautious due to a jump in loan defaults following …
Markets regulator Sebi has come out with new norms that make it mandatory for companies to provide details on delayed loan repayments and possible defaults to credit rating agencies amid concerns over banks citing 'client confidentiality' to resist sharing of such information by their borrowers. The new framework would enable credit rating agencies to get timely information on possible defaults. …
