The Impact of Guarantor Liabilities on New Loan Approvals: A Deep Dive with Vinu & Manu

access_time 2024-09-29T14:55:21.496Z face CA N Raja
The Impact of Guarantor Liabilities on New Loan Approvals: A Deep Dive with Vinu & Manu Vinu: Hey Manu, I have a question. If a customer stands as a guarantor for a loan in another bank, what would be the implications when they’re applying for a new advance from us? The loan for which they’re a guar...

Understanding Loan Restructuring: Is Changing Installment Patterns Considered Restructuring?

access_time 2024-09-29T14:51:34.45Z face CA N Raja
Understanding Loan Restructuring: Is Changing Installment Patterns Considered Restructuring? Vinu: Hey Manu, I’ve sanctioned a term loan of Rs 1.50 crore for 7 years, including a 6-month gestation period for plant and machinery, and a cash credit limit of Rs 0.45 crore. The client has been paying in...

Navigating Excess Borrowings

access_time 2024-09-29T11:06:13.743Z face CA N Raja
Navigating Excess Borrowings: Effective Strategies for Businesses Vinu: Hey Manu, I've been hearing a lot about businesses struggling with excess borrowings. What are some effective ways a company can reduce its excess borrowings? Manu: That's a great question, Vinu. There are several strategies bus...

Handling Loan Classification in CMA Reports: What to Do When the Balance Sheet Shows Incorrect Repayments

access_time 2024-09-29T10:41:44.764Z face CA N Raja
Handling Loan Classification in CMA Reports: What to Do When the Balance Sheet Shows Incorrect Repayments Vinu: Hey Manu, I was going through a CMA report, and I noticed something strange. The principal repayment of a term loan for the next 12 months is usually treated as a current liability. But wh...

Understanding Form 3CB and 3CD: A Guide to Tax Audits in India

access_time 2024-09-29T10:28:36.279Z face CA N Raja
Understanding Form 3CB and 3CD: A Guide to Tax Audits in India Vinu: Hey Manu, I’ve been hearing about Form 3CB and 3CD, and I’m a bit confused. How do I know if these forms are applicable to a firm or a company? Manu: Good question, Vinu. Forms 3CB and 3CD are part of the tax audit process in India...