Importance of Credit Ratings in Capital Markets
In Capital Markets, every investor assesses risk differently based on his or her skills for credit evaluation. For the market to function smoothly, regulators need to protect investor’s interest against any malpractices. This leads to the need for Credit Rating in the Capital Markets. Here is where Credit Rating Agencies come into play A Credit...
Central Govt agrees to waive ‘interest on interest’ on loans up to Rs 2 crore
What is the benefit? Banks and NBFCs will credit compound interest levied on loans up to Rs 2 crores for a six-month moratorium period back to the borrowers by 5th November 2020. Under the scheme, the difference between the compound interest and simple interest will be credited to the borrower’s loan account for the period...