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SBI RESTRUCTURING PACKAGE
SBI board approves RINL recast planSBI's board has approved a restructuring package for Rashtriya Ispat Nigam (RINL), paving the way for other government lenders to follow su...- Lenders close to finalising recast package for Vizag's RINLBanks, led by SBI, are finalizing a restructuring package for Vizag's Rashtriya Ispat Nigam (RINL) to revive the previously defunct steelma...
- SBI moves NCLT for insolvency proceedings against Bajaj HindAccording to submissions made by SBI's lawyer Sandeep Arora in court, the sugar manufacturer defaulted on ₹1,052 crore portion of its debt ...
- Economists at State Bank of India pitch for loan recasts in select sectorsThey said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mani...
- Ex-SBI official appointed nominee director in Orchid ChemicalsState Bank of India Retired Deputy Managing Director of SBI as its nominee, city-based Orchid Chemicals and Pharmaceuticals said in a BSE f...
- Debt rejig: 25 lenders may gain control over Lanco InfraTwenty five lenders, both public and private , have secured an option to gain control over Lanco Infra following a corporate debt restructu...
- Banks give final nod to Bombay Rayon restructuring packageAccording to sources, the terms of the package include an interest rate at 11%, with loan period extension of 10 yrs which include 2 yrs of...
- Clarification by Electrosteel on debt recastElectrosteel has clarified that their Flash Report was discussed in details in the meeting of CDR EG on June 14, 2013 and has been admitted...
- SBI to restructure loans worth Rs 2500 crore in Q4This is significantly higher than loans worth Rs 2662 crore that were restructured by SBI in the first nine months of this year.
- Air India lenders agrees to subscribe to Rs 7,400 crore AI bondsAir India's lenders have agreed to subscribe to Rs 7,400 crore bonds issued by the debt-laden airlines as an interim arrangement.
- Reshaping 20K cr debt: Banks offer new debt recast plan for Air IndiaLenders to Nacil are softening stance on debt restructuring & have suggested that they could consider subscribing to public sector company'...
- SBI caps losing its hold on debt restructuring businessSBI Capital Markets, the undisputed leader in loan syndication as well as debt recast, is slowly losing its grip in the market.
- Lenders reject debt recast package for Air India; turns down proposal with higher provisioningLenders have rejected the debt recast package for Air India, dealing a big blow to its chances of a quick recovery.
- Finance ministry rejects Air India debt recast planThe finance ministry has opposed the plan to recast Air India's debts on the ground that it will force state-owned banks to take a big hit.
- Banks squabble over ways to rejig loans to Air IndiaBanks say SBI has to set aside the least amount in airline's debt restructuring.
- SBI, ICICI Bank picks up about 11% stake in KingfisherSBI and ICICI Bank have together picked up close to 11 per cent stake in debt- trapped Kingfisher Airlines as part of debt recast process.
- Air India accepts corporate debt restructuring packageAir India is saddled with a debt of about Rs 40,000 crore of which Rs 18,000 crore is working capital loans.
- HC extends stay on Indage Vintners liquidationThe Bombay High Court on Thursday extended stay on the liquidation of Indage Vintners, formerly Champagne India, till June 15.
- Crisis-hit Maytas Infra on road to stabilityThe Board of Directors of Maytas Infra Ltd has claimed to have managed to put the crisis -hit company on the road to stability through inte...
- Banks told to spread word on loan recastThe government has urged public sector banks to reach out to micro, small and medium enterprises (MSME) and spread awareness of the loan re...
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