The Reserve Bank of India will introduce an ceiling on the amount banks can lend one corporate entity in India, but not the amount one company can borrow. The ceiling could make borrowing above a certain threshold more expensive.
India’s central banks wants to allow interest rate options to be traded onshore. The move comes at time when Indian firms are dangerously exposed to foreign debt.
KS Energy, a Singapore based oil and gas supply service provider, has promoted CEO Kris Taenar Wiluan’s son-in-law, Samuel Carew-Jones to be the new CFO.
Sep 10, 2012
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