What is corporate governance?

Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests between companies and their stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the society. Corporate governance specifies the distribution of rights and responsibilities among different participants in the…

Kisan Credit Card (KCC) Scheme for Animal Husbandry and Fisheries

Pursuant to the announcement in the interim budget 2019, the Reserve Bank of India carried out circular asking banks to extend the facilities of Kisan Credit Card (KCC) to Animal Husbandry farmers and Fisheries to help them meet their working capital requirements. According to RBI circular FIDD.CO.FSD.BC.12/05.05.010/2018-19 dated Feb 4, 2019, the new KCC facility…

What is a syndication of credit line?

The syndication of loans is an internationally practiced model for financing credit requirements of a borrower in lieu of consortium advance. Apparently, the syndication of credit line is similar to consortium finance but slightly different in certain aspects. First of all, there is no restriction with regard to quantum of credit involved for credit syndication.…

What is a consortium lending?

In consortium lending system, two or more lenders join together to finance a single borrower. The lending banks formally join together, by way of an inter-se agreement to meet the credit needs of a borrower. Here, the sanction of limits to a borrower is completed with common appraisal, common documentation and monitoring the advance with…

High lights of Interim Budget 2019

The highlights of Finance minister Piyush Goyal presented on Friday 01.02.2019 are as under. *   Individual tax payers with income upto Rs. 5 lakh taxable income will get full tax rebate * Even those earning ₹6.5 lakh will not have to pay tax, if they invest in specified savings *The threshold for TDS on…