Banking
This query is : Resolved
09 April 2009
We are enjoying working capital limits of Rs 25 crore (fund based + non fund based) from consortium bankers. The bankers are insisting to get the rating done and telling us that it is made compulsory by RBI. So we would like to know whether really it is mandatory or the banks are insisting the rating for their own risk exposures. We have been informed that it is not compulsory by RBI but since the bankers are likely to save capital if they get their loan portfolios rated.So what are the norms and ceiling for rating
09 April 2009
Rating is not compulsory as per RBI guidelines.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
09 April 2009
Rating is not compulsory as per RBI guidelines.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
09 April 2009
Rating is not compulsory as per RBI guidelines.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
09 April 2009
Rating is not compulsory as per RBI guidelines.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
If rating is there Bankers can depend on the same for further processing of loans and since your limit is more.
Furthter if you have rating you can also discount in the rate of interest by 0.5% to 1% depending on Bank.
You have think both pros and cons and cost and adminsitration time required to get it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
