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JOINT FORUM OF LENDERS
Supreme Court dismisses Ericsson contempt plea against SBI in RCom caseEricsson had filed a contempt plea against the SBI chairman in the SC for not fulfilling assurance of settling RCom’s dues as the lead bank...- SBI drags five Kolkata-companies to NCLTThe stock of Burnpur Cement, which has a consolidated market capitalization of about Rs 80 crore, lost 4.2% to end at Rs 9.25 apiece on the...
- ICICI-led lenders’ group puts Gammon on the blockAfter monetising other businesses, lenders look to sell residual parts of the company.
- Rcom to sell DTH business to Veecon Media and Television to pare debt“The transaction will help reduce the liability of unsecured creditors, benefitting all stakeholders including lenders and shareholders of ...
- HDFC Bank reports NPA divergence in one assetThe bank on Tuesday had said that it was negotiating with the central bank on some observations related to the implementation of a flexible...
- Indian banking won't be the same again if RBI gets to clean the bad loan mess. Here's whyIf the regulator has its way in driving banks to insolvency courts to sort out defaults, Indian banking won’t be the same again.
- RBI makes it easier for banks to implement joint lenders forumRBI decision came on the day it was empowered with legal amendments to direct banks to take action against NPAs.
- NPA resolution policy gathers pace, likely announcement soonThis will provide a clear direction on the NPA front and the government will be able to take the bull by horns, the official said.
- Discussions on going to improve stress asset resolution processes says RBI’s MundraMundra added that various stakeholders have come to a conclusion that a one-size-fits-all solution won’t work and NPAs would need to be han...
- Lenders planning S4A breather for Alok IndustriesS4A enables debt-laden companies to get working capital from banks, unlike the SDR scheme where a company is not eligible for fresh funds f...
- Usher Agro gains as lenders push rejigBankers led by ICICI Bank have initiated strategic debt restructuring (SDR) for the agro processing company, which involves converting part...
- Is the new RBI debt recast plan a win-win solution?The RBI, under Governor Raghuram Rajan, has introduced a host of schemes and strategic debt restructuring – in the last three years.
- Lenders of infrastructure firm IVRCL to convert loans into 51% equity holdingLenders of IVRCL Ltd have decided to convert part of their loans to the highways developer into a 51 per cent or more equity holding.
- Lenders to invoke SDR in Alok IndustriesSources with direct knowledge suggest that debt-laden Alok Industries will be brought under Strategic Debt Restructuring by the lenders.
- Banks can now change owners before NPA pileup; SBI & ICICI to play key role in turning around stressed cosRBI has allowed such loans, where ownership change is enforced, to be treated by banks as ‘standard assets’ which require no provisioning.
- RBI empowers lenders' forum to smoothen management takeover of ailing companiesRajan has take wilful defaulters and inefficient managers to task, and is in favour of banks enjoying power to take over company management...
- Raghuram Rajan says measures to improve JLF functioning on the anvilRaghuram Rajan today said the Reserve Bank will shortly announce some measures that should improve the functioning of the joint lenders' fo...
- Unlocking value via SDR: PEs, others can check inA well-timed regulation from the Reserve Bank of India (RBI) allowed the JLF to invoke Strategic Debt Restructuring (SDR).
- Bhushan Steel rallies; lenders approve loan restructuringJLF deciding on Bhushan Steel Ltd's debt restructuring plan has agreed to refinance its Rs 35K crore loans under the so-called 5/25 scheme.
- RBI says onus of forming Joint Lenders' Forum on lead bank; warns of penaltyReserve Bank of India (RBI) put the onus of forming a Joint Lenders' Forum (JLF) on the bank with highest exposure to a distressed borrower.
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