A DISTRESSED FINANCIAL SECTOR’S CALL FOR HELP AND A FAILING RESPONSE MECHANISM The year was 2002 and the financial sector was crippling. Desperate distress calls for help, answered with the institutionalization of the SICA Act followed by the DRTs had evidently failed. The banks had lost huge amounts of money to willful defaulters and wereContinue reading “CORPORATE INSOLVENCY RESOLUTION PROCESS: INITIATION OF INSOLVENCY BY FINANCIAL/OPERATIONAL CREDITOR”
Category Archives: Finance
SECURITIZATION AS A TOOL OF OFF-BALANCE SHEET FINANCING
WHAT IS OFF-BALANCE SHEET FINANCING? Off-Balance Sheet financing is a method of financing used to raise finance without recording a liability. This helps in reducing the level of debt in the company. Normally, if Company A takes a loan from a bank, it records a loan on its liabilities and cash or bank on itsContinue reading “SECURITIZATION AS A TOOL OF OFF-BALANCE SHEET FINANCING”
