Banks ease debt collection norms to support cash-strapped firms

Jan 29 2013, 00:39 IST
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SummaryGiving more time to collect accounts receivable in genuine cash-flow constraint cases

an extension in the debt collection cycle are small and medium enterprises. “The clients to whom many of the mid-segment companies supply goods to are under stress. This is leading to irregularities in receiving payments,” he said. Bankers say small and mid-sized companies also account for the largest number of defaults and NPAs in the system.

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