Market Status

Saturday, 24 February 2018

Sebi may revive plan for real-time default disclosures | SEBI Registered Company In Indore



By Shruti Srivastava and Santanu Chakraborty 


India’s finance ministry is in talks with the market regulator about requiring publicly traded companies to promptly report any missed interest or installment payments on borrowings, according to people with knowledge of the matter. 


SEBI Registered Company in Indore, Share Market Tips, Free Stock Tips
SEBI Reguistered Company in Indore
The Securities and Exchange Board of India’s earlier effort to tighten rules was deferred days before it was to take effect Oct. 1 after some banks questioned the requirement for disclosure within one working day, saying standard assets can technically default for a short period, according to the people, who asked not to be identified as the discussions are private. Talks between the government and Sebi are ongoing, the people said. 



Policy makers are turning the spotlight on dealings between lenders and troubled corporates as India attempts to resolve about $210 billion in bad loans, an issue that has gained urgency after the scam involving Punjab National BankBSE -1.09 % came to light last week. The new rules would put the onus for reporting defaults in real-time on companies and help to hasten the recognition of stressed assets by banks, the people familiar said. 



In its August circular, Sebi defined default as the non-payment of interest or principal in full on a pre-agreed date. Disclosures would need to be made within one working day from the date of default starting Oct. 1, 2017, the circular had said. 



The rules, if implemented, would help reduce instances of some lenders having more or better information, said one of the people. 


TradeIndia Research is the SEBI registered company in indore give best advice on stock commodity and forex market, we also grant mcx free tips, free intraday tips and Free Stock Tips. To get most authentic tips with 24/7 proper assistance & fast SMS/ messenger facility. Join our Whatsapp Group @ 9300421111 Or call @Toll Free No 9009010900

1 comment:

  1. Rudra Investment
    Rudra Investment SEBI Registered Stock Market Expert gives the best information of mutual fund investment. Information that may not be included in a fund's prospectus is its annual report.

    ReplyDelete