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Lenders again move RBI on wilful defaulter tag for non-performing accounts

CFO News

Banks have again approached the Reserve Bank of India (RBI) to request an extension in the deadline for classifying non-performing accounts as wilful defaulters, according to sources familiar with the matter.

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The Tag-Team Behind Digital Transformation

Generation CFO

Here are four main drivers – the tag-team behind digital transformation – along with one extra that has reared its ugly head much more recently in comparison to the others. . The post The Tag-Team Behind Digital Transformation appeared first on Generation CFO. Let me hear them! Access Research Report.

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India's no longer 'fragile', can weather global market volatility

CFO News

In the face of global financial market turbulence, India's rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices.

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Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'

CFO News

Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.

Banking 52
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Maximizing Efficiency in Financial Management with SaaS Accounting Software

CFO Plans

One of the most transformative tools available is SaaS-based accounting software. Here’s how SaaS accounting software is revolutionizing financial management and why it’s essential for CFOs. This is particularly beneficial for small businesses and startups that need robust accounting capabilities without the hefty price tag.

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Bajaj Hindusthan sugar proposes second restructuring plan

CFO News

Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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A Corporate Finance Approach To High-Net-Worth Individuals

PYMNTS

These cases include individuals and family offices with business-sized needs, with business-sized challenges in accounts payable, expense management and payroll. The company also typically obtains view-only access to a client’s credit card accounts to code and process payments, he added.