Debt
Reading a sanction letter properly
The clauses that quietly cost the most, and which of them are actually negotiable at renewal.
Coming soonHome / Insights
Insights
Notes from the credit side of the table.
Practical writing on banking, treasury and capital for Indian mid-market companies — from people who have underwritten, approved and negotiated these facilities.
Publishing soon
The first pieces are being written.
We would rather publish something worth reading than fill a page. In the meantime, the topics below are what we are working on — if one of them is live for you right now, just ask us directly.
Ask us a question
In the pipeline
What we’ll be writing about.
Each of these comes straight out of questions clients ask us in the first month.
Balance sheet
Tax-friendly vs investor-friendly
Why the financials that minimise your tax bill also shrink your borrowing capacity.
Coming soonWorking capital
Right-sizing your limits
How receivables, inventory and payables should drive the facility — not last year’s number.
Coming soonCollateral
Borrowing with less security
What has to be true about the business before a lender will reduce its collateral ask.
Coming soonForex
Hedge, or stay open?
A framework for deciding, instead of defaulting to whatever the relationship manager suggests.
Coming soonFundraising
What a CMA really signals
The parts of a Credit Monitoring Arrangement that credit teams read first, and why.
Coming soon
Rather just talk?
Skip the article. Ask the question.
Most of what we would write about is quicker to answer on a call.