Due diligence

How lenders are pulling out all stops to recover stressed loans

“In the last few months, we have seen a lot of bank-related work. The banks are putting in place cash flow monitoring processes, forensic audits and concurrent audits to find out if there have been instances of diversion or leakage of funds. The banks are being very cautious and the level of activity is very high,”

Ashish Chhawchharia
Partner, Grant Thornton Advisory Private Limited

This article appeared in Financial Express on 01st August, 2017.