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RBI LOAN RECAST
Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...- Banks' plea seeking time for borrowers to comply with new loan recast plan rejectedIn August 2021, the regulator had extended the deadline for stressed companies to meet the parameters related to operational performance to...
- 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...
- IDBI expects 2% of small borrowers to opt for recastIDBI Bank exited RBIs prompt corrective action (PCA) framework after four years in March this year, posted profits of Rs 512 crore at the e...
- Crisil says half of its rated mid-sized cos eligible for loan recast under new guidelinesCompanies with relatively weaker credit profiles, and part of low-resilience sectors are expected to benefit more from the scheme, Crisil s...
- 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...
- Borrowers seeking loan moratoriums rose after June; will be judicious on loan recasts: Axis Bank"The 9.7 (per cent) was the number as of June 30. Obviously over a period of time some more customers do ask for moratorium, so I can defin...
- 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.
- Loan restructuring plan shows India's financial sector is short on capital and truthWhether the loan relief succeeds or fails, one thing is certain: India’s $1.4 trillion credit machine will be in stall mode until next Marc...
- Companies with loan recast seek moratorium from banksRBI’s Covid-19 regulatory package was announced to mitigate the debt-servicing burden of stressed borrowers. But the moratorium has also ra...
- Wish RBI had allowed one-time loan recast: Keki MistryRepo provided for lending to NBFCs, HFCs is a welcome move, says VC & CEO of HDFC.
- PMO asks RBI to consider 1-time roll over of builders loansSources say the proposal is for banks to be empowered to take commercial decisions for a one-time recast of loans, and without classifying ...
- Lender asked to take Bilt Graphic to bankruptcy courtThe firm is part of the Avantha Group and among the 29 companies that were asked to come up with a resolution plan before December-end.
- 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 norms for corporate debt recasts must not stifle enterpriseThis militates against the principle of limited liability: shareholder liability is limited to what they have invested by way of fullypaid-...
- Tighter corporate debt recast norms soon, says RBIAs of Q3 of FY13, banks recast loans worth nearly Rs 62,100 crore, around 50 per cent more than the recast loans in the whole of last year.
- 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 ...
- Excessive borrowing, improper appraisal led to high debt recast: KC ChakrabartyK C Chakrabarty, deputy governor of RBI said, “Pace and the quantum of restructuring is worrying the regulators.”
- RBI proposals on loan recast will increase transparency: Fitch RatingsFitch today said RBI proposals on treatment of restructured loans would increase transparency and be positive for the Indian banking system.
- RBI Group wants stricter norms for loan recastIt also said banks should refrain from converting debt into equity, seek higher sacrifice from corporates while restructuring loans.
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