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1. Senior Finance Leadership/ CFO Service support This is first thing , first. One person (necessarily a professional ) responsible for efficient financial management should be deputed , As this is a task , no body is doing in the company and whatever promoters are doing (there may be exceptions i have not come across) through their accountants is actually reverse of it. In my experience CFO service engagement works even better. Senior Ex CFO’s
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  ONE TIME RESTRUCTURING 2.0  FOR SME   In view of the uncertainties created by the resurgence of the Covid-19 pandemic RBI has been introduced Restructuring 2.0.         For more details visit: https://bit.ly/3o0ZdiT (RBI Circular) Connect us on: Info@arthvrittcapital.com Schedule a call: https://forms.gle/v9ZRdUDLkPrroKoF8 Visit Us: www.arthvrittcaptal.com/ CA SUNIL K PANDEY About the Author 20+ Years in Corporate — Board Advisory & Fund Raising as Core. CA / CMA Sunil Kumar Pandey is Partner with AVC. He is
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ARE CURRENT PRUDENTIAL NORMS OF ASSET CLASSIFICATION FOR MSME SECTOR’S RELEVANT ?? Bank’s/ FI declare Loan Accounts NPA if there is any overdue beyond 90 days. This write up is only to analyse it’s relevance particularly in the backdrop of special situation like COIVD. Before the NPA status, the account goes through a whole cycle of bounced cheques, DPD’s, CIBIL hits, rating downgrades and other financial imprudence for adhering to such bank’s prudential norms. Reschedulement
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DEBT RESTRUCTURING – BEYOND OTR #restructuring #loanrestructuring Immediately after my webinar on OTR, I got a call from one of the businessmen. His Loan is standard, and he is finding it difficult to manage all four business pockets at the same time 1) Loan repayment 2) Tax payment 3) Overheads 4) Operating Expenses, out of current level of cash inflows. Cashflows Cycle will take some time to return. He wants exact relaxation from payment of
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HOW NBFC & OTHER SUCH INSTITUTIONS CAN HELP SME’S INSTANTLY BEYOND ECL AND OTR FRAMEWORK SL NO HEADS SUGGESTIONS/ RECOMMENDATIONS 1 Topping up on existing loan Small Term Loans/ Business Loans- Allowing top up of the loan to the extent  loan repaid against existing sanction   (more than 18 months relationship of each transaction )   Moratorium of both principal and interest can be given for next 12 months, then ballooning method of payment. What
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