Loan syndication as a project financing mechanism has increased over the last decade despite the diverging needs of the lenders. Loan syndication as a mechanism to finance a project is becoming a trend in developing economy. Many international project like infrastructure project and power...

A recently introduced accounting standard, namely the International Financial Reporting Standard 9, requires banks to build provisions based on forward-looking expected loss models. When there is a significant increase in credit risk of a loan, additional provisions must be charged to the income...