RBI extends action plan for NPAs
Jun 17, 2016
Could blockchain resolve India’s sky-high debt problems?
The India Banks Association wants to create a lenders’ consortium to monitor their own debt and ensure borrowers are adhering to pre-agreed rules and patterns.
An association representing India-based lenders’ interest has proposed that the country’s banks join forces and utilise blockchain technology in a bid to get a better handle on the debt they are issuing to corporate customers. If successful, it could bring down the high levels of corporate debt defaults rife in the country, an IT expert at EY has claimed.
Sign-in to access CorporateTreasurer content.
Please sign in to your subscription to unlock full access to our premium CT resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial. Click the link to get started.
Note: This free trial is a one-time offer. You are eligible for one free trial per year.
If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
