How will the loan be reported and disclosed?
Curious about loan
The reporting and disclosure requirements of a loan depend on various factors such as the type of loan, the lender, and the borrower. In India, the Reserve Bank of India (RBI) regulates the banking sector and provides guidelines for reporting and disclosure of loans by banks and financial institutions. The loan agreement between the lender and borrower will typically specify the reporting and disclosure requirements, including the frequency and format of financial statements, covenant compliance reporting, and other disclosures required by law or regulation. Additionally, the lender may require periodic updates on the borrower's financial and operational performance. The borrower should ensure that it fully understands and complies with all reporting and disclosure requirements to avoid any potential default or breach of covenant.