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CS PRINCE KUMAR

Corporate Consultant/ Management Consultant Professional Web/ software Developer Helping Startups is my passion Teaching is my hobby Equipped with comptent team having expertise in their respective field

About me

Hello

I'mCS Prince Kumar

Company Secretary and Compliance Officer

An Associate Member of the Institute of Company Secretaries of India and has done MBA (Finance) from IMT and graduation in commerce with major in “Corporate Affairs and Administration” from IGNOU. Compliance of laws and regulations applicable to Housing Finance Companies are his forte. Before joining Satin Housing Finance Limited, he worked with Prosper Housing Finance Limited and Pacific Development Corporation Limited. He has served as a member of Young Members’ Committee and Chapter Development Committee established by the Institute of Company Secretaries of India (ICSI) and member of editorial board of Student’s E-bulletin published by NIRC of ICSI.

experience

Front-End Development

2012-2016

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UI/UX Design

2012-2016

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Website production

2012-2016

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Website maintain

2012-2016

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service

Easily Customised

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MODERN DESIGN

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User Friendly

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RESPONSIVE DEVELOPMENT

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USER EXPERIENCE

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Lovely Design

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3000

People Trained

50

COFFEE CUPS

36

BOOKS

12

Awards

Articles/ Research

Showing posts with label Scheme for Sustainable Structuring of Stressed Assets. Show all posts
Showing posts with label Scheme for Sustainable Structuring of Stressed Assets. Show all posts

Scheme for Sustainable Structuring of Stressed Assets



RBI introduces a ‘Scheme for Sustainable Structuring of Stressed Assets’

In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India has today issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’.
Resolution of large borrowal accounts which are facing severe financial difficulties may, inter-alia, require co-ordinated deep financial restructuring which often involves a substantial write-down of debt and/or making large provisions. Often such high write-downs act as a disincentive to lenders to effect a sustainable change in the liability structure of borrows facing stress. Banks have also represented for a regulatory framework which would facilitate lenders taking up the exercise of reworking of the liability structure of companies to which they have significant exposures, in the context of asset quality stress currently faced by them.
Accordingly, the Reserve Bank, after due consultation with lenders, has formulated the ‘Scheme for Sustainable Structuring of Stressed Assets’ (S4A) as an optional framework for the resolution of large stressed accounts. The S4A envisages determination of the sustainable debt level for a stressed borrower, and bifurcation of the outstanding debt into sustainable debt and equity/quasi-equity instruments which are expected to provide upside to the lenders when the borrower turns around.
In order to make sure that that the entire exercise is carried out in a transparent and prudent manner, S4A envisages that the resolution plan will be prepared by credible professional agencies, while an Overseeing Committee, set up by the Indian Banks Association, in consultation with the RBI, comprising of eminent experts will independently review the processes involved in preparation of the resolution plan, under the S4A, for reasonableness and adherence to the provisions of these guidelines, and opine on it.
Alpana Killawala
Principal Adviser
Press Release : 2015-2016/2893

testimonial

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Larry Page

CEO of Google

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Steve Jobs

CEO of apple

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Mark Zuckerberg

CEO of facebook

CS Prince Kumar
+91-9999844714
New Delhi, India

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