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Readings: Promoter loans, M2M time for banks, Food chain

Posted on June 21, 2008

Hindu Business Line: Financial firms cash in on bear market. . . financial firms are looking to convert this bearish market into an opportunity by focusing on products such as promoter funding . Promoter funding, a part of the wholesale financing business for these firms, involves offering loans to company promoters who are keen to capitalise on rock-bottom stock prices, to shore up their stakes in companies.Many new entrants have entered this business, where loans are offered at interest rates between 14 per cent and 18 per cent, with shares or property taken as collateral. Loan again...

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