Sebi disclosure norms mandate listed companies to make timely and accurate disclosures on all material matters including the financial situ...

The regulator said the signing of ICA must be in the interest of investors and AMCs should take approval from their board and trustees.

The company said that it has been facing a liquidity crisis since September 2018.

Banker says Brookfield’s proposal for 60-70% haircut not acceptable.

More and more non-banking finance companies, having secured their portion of lending.

After signing the ICA, the firm has got 180 days for implementation of the debt resolution plan under the existing legal framework.

The lenders are trying to rescue DHFL with outstanding debt of over Rs 1 lakh crore and prevent a default.

Bankers not sure if ICAs need to be rewritten or new clauses will have to be inserted and agreement have to be newly signed.

FICCI’s Secretary Dilip Chenoy has said that the new framework very aptly balances the interest of all stakeholders in the eco-system.

Mehta noted that this will ensure that a consensus building amongst lenders will be carried forward promptly, to its logical conclusion and...

Most banks have made changes to their credit processes after bad debts piled up, with many either cutting down on lending to projects or in...

Lenders who have signed the agreements include Union Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank and Exim Bank.

Inter-creditor agreement (ICA), on the other hand, talks about binding minority lenders in implementing a proposal if 66% lenders agree to ...

For loans already in default when the circular was issued, the 180-day countdown begins from March 1which gives banks time till August 31 t...

As many as 56 lenders are set to sign the inter-creditor agreement by next week. It will prohibit creditors who don’t agree to a majority-a...

Banks will now take inter-creditor agreement to their respective boards for approval and it’s expected to go live later this month, Punjab ...

The meeting called by Indian Banks Association was also attended by Finance Minister Piyush Goyal, who had accepted the report of the Sunil...