Treasury Verdict 2012: Current issues facing treasury and finance professionals in India
Treasury Verdict: http://www.eurofinance.com/sites/default/files/TreasuryVerdict_India_2012.pdf
Commentary was provided by these panelists:
• Rajiv Rajendra, Managing Director, Aktrea Capitial, Singapore (conference chair)
• Peter van Rood, Corporate Director Treasury, AkzoNobel, The Netherlands
• Sajjid Chinoy, Economist, J.P. Morgan, India
• Gopul Shah, Treasurer and Managing Director - Financial Services at Cargill, India
Key findings
•Indian treasury and finance professionals are generally confident about the prospects of their business over the coming year, with half (50%) stating that they are more confident than they were this time last year. [Question 1]
•Corporate bank relationships are in flux in India. While 39% of delegates say that the number of bank relationships their treasury has will increase, another 35% say they will decrease. [Question 3]
•Access to funding is not a major challenge for treasurers in India, with 60% stating that this will not be a problem for the foreseeable future. [Question 4]
•Treasury and finance professionals are feeling the pinch when it comes to the local tax environment. Some 57% of those polled said that the tax environment is getting harder for their business. [Question 8]
Treasury Verdict: 2012/13
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