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Pakistan receives USD 1.3 bn loan from IMF: Central bankPakistan has recieved USD 1.3 billion from the International Monetary Fund. This funding comes from two separate programs, the Extended Fun...- India's Forex reserves to spurt sharply this weekThe fresh allocation of SDR follows the recent resolution by G-20 to increase IMF's lending capacity by $650 billion to fight the economic ...
- ABG Shipyard lenders hire Rothschild to find a buyerLenders have to complete this exercise -converting debt into equity -within 210 days and find a new buyer within 18 months, according to RB...
- Banks seek CBI, CVC nod before selling stake in stressed companiesThe move comes after it was revealed that some promoters had presented their fronts as possible companies who could be interested in buying...
- 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...
- IVRCL climbs 9% after allotting shares to Bank of Nova ScotiaThe company yesterday said it has allotted 6.46 lakh shares to Bank of Nova Scotia as part of Strategic Debt Restructuring (SDR).
- ET in the classroom: What’s there for banks in SDR routeBy SDR, the banking regulator wanted to arm lenders with ammunition to deal with defaultors without getting into any legal hassle.
- RBI revises SDR norms; asks banks to higher provisions of 15%The Reserve Bank asked banks going in for strategic debt restructuring scheme to make sufficient provisions to the tune of 15 per cent of t...
- First International may acquire stake in ElectrosteelFirst International’s offer is more attractive than that of Tata Steel, said two bank executives who didn’t want to be named.
- ‘SDR won’t solve sticky loan issue, will result in big NPAs’This is predicted in a report released by Religare Capital on Monday which estimates that several Strategic Debt Restructuring (SDR) cases ...
- Jyoti Structures seeks shareholder permission to allow lenders convert debt into equityThe move is part of a strategic debt restructuring (SDR), a scheme outlined by the Reserve Bank of India earlier this year.
- Banks to convert Electrosteel's Rs 2,507 crore debt into equityThe company will hold an extraordinary general meeting on January 7 to seek shareholders' approval for the SDR package.
- Base rate calculation guidelines for banks soon: SS MundraRaghuram Rajan had said steps taken by the central bank and the government should help lenders clean up their balancesheets by March 2017.
- Lenders to acquire 51% stake in Gammon India by strategic debt restructuringThe move is prompted due to company’s inability to meet its financial obligations, said two senior officials familiar with the development.
- IMF to consider inclusion of Chinese currency in SDR basketIn a big boost to China's plans to internationalise its currency, the IMF staff has proposed to its Executive Board to include the RMB into...
- Government to transfer IMF special drawing rights to RBI for Rs 15,000 croreIn returns, the RBI will pay the government Rs 5,000 crore in the current fiscal and Rs 5,000 crore each in the next two fiscals.
- Forex reserves jump $3.4 bn to touch $297.3 bnForeign exchange reserves rose $3.4 billion during the week ended January 7. The latest figures released by the RBI on Friday show that the...
- Revaluation of non-$ assets adds $3.3 bn to forex kittyForeign exchange reserves rose $3.3 billion during the week ended September 4, largely on account of revaluation of non-dollar assets in re...
- Commercialise the SDRFor the SDR to become a true international currency, in other words, the IMF would have to become more like a global central bank and inter...
- Forex kitty swells $1.8 bn despite dollar selling by FIIsIndia’s foreign exchange (forex) reserves rose $1.8 billion during the week ended June 20 despite sustained selling by foreign portfolio in...
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