Mark my words podcast | Business News


PODCAST: Mark Pownall and Mark Beyer discuss the market overview in these dramatic times, government and industry policy responses, travel challenges, earning guidances, businesses taking on staff, Acciona and CPB Contractors going head to head, Cottesloe aged care and apartment project, and our special report on the ICT sector.

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); = id; js.src = ""; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Covid-19: Lenders seek deferment in loan repayment, reclassification of NPA


The Indian Banks’ Association (IBA) is set to demand a host of relaxations towards repaying loans in a bid to tide over the crisis, including an extension of 90 days in classifying accounts as non-performing assets (NPA) and deferring the installment of term loans.

The IBA’s managing committee met on Friday and has decided to put up five set of demands to the central government and the Reserve Bank of India (RBI) to help the and retail and corporate borrowers alike, IBA chief executive officer Sunil Mehta told Business Standard over phone.

“We are asking for a 90-day extension of timeline for slippage of a running account – both cash credit and overdraft – into NPA,” Mehta said. If borrowers is unable to repay loans within 90 days of the due date, their loan account is classified as NPA by banks. If the IBA’s recommendations are accepted, the NPA tag will take 6 months.

ALSO READ: Coronavirus LIVE: Positive cases in India at 223; global toll tops 10,000

During the intervening period, the accounts will also not be classified as Special Mention Accounts (SMA)-1 or SMA-2, he said.

Tata Motors JLR suspends production in UK amid coronavirus pandemic


Tata Motors owned Jaguar Land Rover (JLR) on Friday announced a temporary production suspension at its UK plants in light of the social distancing underway to combat the pandemic, which has led to 144 deaths in Britain.

The UK’s largest carmaker said the suspension would come in place from next week and last at least until April 20, when it will be subject to a review of the rapidly-changing circumstances.

As a responsible business, Jaguar Land Rover is operating in line with advice from the NHS and Public Health England to minimise the spread of the coronavirus, whilst implementing plans to safeguard its business continuity. The company will work towards an orderly return to production once conditions permit, JLR said in a statement.

It confirmed that the company’s manufacturing plants in India and Brazil remain operational and a joint venture plant in China had also reopened late last month, as life there begins to get back to normal.

Although the company’s focus must be on its business and responsibilities to employees, Jaguar Land Rover is doing whatever it can to support its communities through the current

Determining the amount of your loan


If you are applying for a business loan, then you must already be a few years into running your own company.

These loans are meant to boost your revenue potential by helping you acquire necessary items.

Your lender spends a lot of time analyzing your business and personal financial situation when you seek out a business loan. Some people are willing to put their personal assets on the line, while others prefer to keep business endeavors separate. Even if the lender makes some changes, it is a good idea to go in with an idea of what you desire to borrow. There are a few things your lender may look at when determining the final amount.

Credit and Collateral

Credit checks are a regular part of most loan applications. This is not something you can get out of. It is best to confront your credit before you apply so you know what you are dealing with.  If you find a lower score than you prefer and have some time to work with, focus on some credit repair before you apply for a business loan. Be prepared to have both your business and personal credit score under scrutiny. For a faster

Subscribe Now