Back to News

ICAI Proposes Central Agency for Big Loans

July 12, 2018

ICAI Proposes Central Agency for Big Loans

The Institute of Chartered Accounts of India (ICAI) has suggested establishing a central agency that comprises of experts and accountants from a variety of fields that can assess big loan applications before the banks give the final nod.

ICAI President Sanjay Gupta said that the finance ministry should look into setting up a central agency that appraises big loan applications for the banks.

ICAI’s recommendation comes at a time when the banking sector is under a massive burden of bad loans and wilful defaults.  The NPAs stood at a little over Rs. 9 lakh crores by the end of December 2017.

Photo on Visualhunt.com

Consult a Career Advisor

Fill up the form to get in touch with us.

Recent Posts
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
March 29, 2019
Transaction Monitoring Market to Grow 200% by 2023, Says Report
March 29, 2019
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
March 29, 2019

Recommended for you ...

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary

March 29, 2019

Transaction Monitoring Market to Grow 200% by 2023, Says Report
Transaction Monitoring Market to Grow 200% by 2023, Says Report

March 29, 2019

90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years

March 29, 2019

Chat on WhatsApp