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LOAN RECAST SCHEME
Canara Bank restructures loans worth Rs 13,000 crore, MSME, retail worst hitProfits nearly tripled to Rs 1177 crore at the end of the June quarter as fee income and treasury gains grew sharply. The lender had report...- Covid relief: RBI allows loan recast upto Rs 50 croreThe regulator had earlier announced resolution framework 2.0 under which maximum exposure of Rs 25 crore for MSMEs as well as non-MSME smal...
- Banks begin process of restructuring of loans up to Rs 25 croreThis is a one-time loan restructuring scheme under which the loan would remain standard despite recast and banks would not have to make add...
- Extend MSME recast scheme: NBFCs to RBIMost MSMEs’ cash-flows are under deep stress with top line shrinkage of 30-40% in FY21. Industry estimates suggest that Covid-19 could push...
- What's giving banks less anxiety about NPAsTo give relief to borrowers affected by the pandemic, the regulator set up a committee under veteran banker KV Kamath to define a one-time ...
- Banks want RBI to extend recast window till March 31, 2021Bankers have requested the regulator that given the case in the SC leading to a prolonged moratorium, they haven’t been able to assess borr...
- Banks see no rush for loan recast, expect borrowers to come forward in DecemberThere were approximately 387 accounts with an exposure of more than ₹1,500 crore that were standard at the end of March. Some of them avail...
- 5% of total bank loans could be restructured due to Covid: CARE RatingsAn earlier estimate by India Ratings had estimated that up to 7.7% or Rs 8.4 lakh crore of the total bank credit could get restructured or ...
- Finance Minister Nirmala Sitharaman to meet heads of banks, NBFCs on loan recast on ThursdayThe RBI last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset...
- Debt revamp proposal to prolong Indian banks' asset quality uncertainty: FitchIndia's central bank said last week it will allow restructuring of corporate and personal loans to ease debt strains on companies and lende...
- Reality dawns on banks after data shows RBI's recast out of bounds for most of India's bad loansLatest data now suggests that teething troubles have already started for the one-time debt recast.
- Videocon may be referred to bankruptcy courtVideocon with Rs 47,500 crore of debt and Jaiprakash Associates with Rs 26,000 crore were the top two in a bunch of 29 defaulters that the ...
- Will expanding the ambit of oversight committee for stressed loan help bank customers?If banker think that the move will ring fence them from investigative agencies on being questioned for decision taken today, it won't serve...
- RBI nod sought to amortise losses on debt recast of stressed loansSBI chief Arundhati Bhattacharya was speaking to media after inaugurating “Korea Desk“ at SBI's Mumbai office in collaboration with the Kor...
- Bankers seek dispensation from regulator to recast of bad loansRBI report on restructured loans says that stressed loans and total bad loans have touched 12.5% of the loan book.
- ET in the classroom: All you wish to know about FITLFITL is giving loan for repaying a loan. Here, a lender gives the borrower money to repay the interest component of the loan.
- PSU banks discuss bad loans issue with central agencies, RBIRBI had issued guidelines on a 'Scheme for Sustainable Structuring of Stressed Assets'(S4A) to further strengthen the lenders' ability to d...
- Private sector banks to extend working capital funds to other firmsPrivate sector lenders participate in the revival programmes of distressed companies, but usually decline to lend for their working capital.
- Banks will have to set aside more money for bad loansIf keeping rates unchanged wasn’t bad enough for market, governor’s diktat to keep aside more money for recast-bound loan account has come ...
- Finmin relaxes repayment period for textile units by 2-3 yearsIn a major relaxation of the conditions attached to the debt restructuring scheme for the textile industry announced earlier this month, th...
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