BANKS – MSME – EXPECTATIONS
WE THE ASSOCIATION WORKING FOR INCEPIENT SICK ‘MSME’ UNITS EXPECT THE FOLLOWING FROM THE BANKS BEFORE INITIATING RECOVERY PROCEEDINGS: GOVERNMENT INCENTIVES: CONSIDER AS INCENTIVES DECLARED, ASSURED BY THE CENTRAL, STATE GFOVERNMENTS AS SECURED RECOVERY FOR CALACULATIO OF ‘NPA’ . RE SCHEDULEMENT OF LOANS: MANY OF THE LOANS GIVEN TO ‘MSME’ UNITS ARE FULLY SECURED BY […]
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SAVINGS, SOURCE FOR LENDING – EXPECT INCOME TAX EXEMPTION
MANY OF THE ‘MIDDLCE CLASS’ INDIANS HAVE THE HABIT OF SAVINGS TO MEET THEIR, SUCCESSORS’ FUTURE NEEDS, SINCE WE ARE LIVING UNDER UNSECURE FUTURE CIRCUMSTANCES. THEY WOULD LIKE TO KEEP THEIR SAVINGS IN LIQUID FORM OF CASH, RISK FREE DEPOSITS WITH POSTAL DEPARTMENT, BANKS, FINANCIAL INSITUTIONS SO THAT THEY CAN MEET THEIR NEEDS ON TIME […]
Read MoreECONOMIC REGULATORY AUTHORITY
THE GOVERNMENT SHOULD HAVE INDEPENDENT SUPER REGULATORY AUTHORITY TO DIRECT, GUIDE, MONITER THE MOVEMENT OF MONEY OF THE GOVERNEMT, COMMERCIAL AND INDIVIDUAL OF ALL SOURCES INCLUDING INVESTMENTS, BORROWINGS, EXPENDITURE TO LOOK AFTER FUTURE INTERESTS OF THE NATION. AS PER MY KNOWLEDGE, THERE IS NO EFFECTIVE AUTHORITY WHICH CARRIES ON THE ROLE OF THE SUPER REGULATORY […]
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BANKS – MSME UNITS – NPA ISSUES
AT PRESENT BANKS ARE FACING RECOVERY PROBLEMS OF LOANS ISSUED. THE REASONS MAY BE DUE TO LOANS GI VEN TO MANUFACTURING TRADING REVENUE BASESD PROJECTS PERSONAL, HOUSING, VEIHCLES OTHERS. REASONF FOR DEFAULT LONGE PROCESS PERIOD, MORE STOCKS, RECEIVABLES EASY TO SELL, LACK OF MARKET LONGER OERFIRNABCE PERIOD, EXPECTATIONS MAY VARY OWN PERSONAL ARRANGMENT, SOURCES […]
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