En­hanced Norms for Com­mer­cial Pa­pers

The Economic Times - - Sports & Economy -

The RBI has pro­posed to en­hance dis­clo­sure norms for is­suers of com­mer­cial pa­pers, which in­clude de­tails of any past de­fault on bank loans, even if it is tech­ni­cal, and make pub­lic all out­stand­ing credit fa­cil­i­ties with banks. “De­tails of de­fault, in­clud­ing tech­ni­cal de­fault, if any, along with de­scrip­tion of the is­sue, IPA, amount, dates of is­sue and ma­tu­rity date for past three years,” is one of the ad­di­tional dis­clo­sures as pro­posed by the RBI in its draft directions. “All out­stand­ing credit fa­cil­i­ties from banks, fa­cil­ity-wise, and their as­set clas­si­fi­ca­tion,” is an­other new con­di­tion. — Our Bu­reau

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