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SEBI floats tighter disclosure norms for companies

Sep 26, 2019 15:15 IST

SEBI has released new norms that make it mandatory for companies to provide details on delayed loan repayments and possible defaults to credit rating agencies. The decision comes amid concerns over banks citing 'client confidentiality' to resist sharing of such information by their borrowers. The new framework will enable credit rating agencies  to get timely information on possible defaults and better understand the rated entity's financial strength.

 

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