Certification of Borrower Companies (Diligence Report - Lending under Consortium Arrangement/Multiple Banking Arrangements)

Authors

  • K. V. N. Lavanya Practicing Cost Accountant, Hyderabad

DOI:

https://doi.org/10.33516/maj.v56i1.51-53p

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Abstract

Opportunity-3

In order to strengthen the information sharing system among banks in respect of borrowers enjoying credit facilities from multiple banks, the banks are required to obtain regular certification by a professional like Cost Accountants.. The introduction of diligence reporting by CMAs in Practice is expected to lay down a strong foundation for good governance culture among borrowing corporates.

To develop the skills in this area, CMAs should acquire good knowledge of credit management system of banks.

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Published

2021-01-31

How to Cite

Lavanya, K. V. N. (2021). Certification of Borrower Companies (Diligence Report - Lending under Consortium Arrangement/Multiple Banking Arrangements). The Management Accountant Journal, 56(1), 51–53. https://doi.org/10.33516/maj.v56i1.51-53p

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