Hitting the pnl or not is one aspect. As we have seen reckless project financing in the past by power psu nbfcs, it atleast lets share holders know more granular info about stage of execution of loan book which otherwise is not disclosed. And if the loan is good, whats the fear about provisons, they shall get reversed later if collections happen as per schedule. Ofcourse earnings may b lumpy . I am ok with that as the benefit of that being addl disclosures on project finance loans ( especially skeptical about loans to pvt ppl) .
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