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SDR SCHEME
Ballarpur Industries' lenders invoke SDR schemeThe move to invoke SDR was triggered as the management failed to sell any non-core assets.- GMR Chhattisgarh Energy completes SDR, allots shares"GMR Chhattisgarh Energy Ltd (GCEL), a subsidiary of GMR Infrastructure Ltd (GIL), has announced that the consortium of lenders of GCEL has...
- 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.
- GTL Infrastructure to go under the hammer as early as February next yearThe auction, to be led by Ernst & Young, will entail conversion of Rs 3300 crore of debt into equity.
- Adhunik Power owners plan equity infusion to retain controlEarlier this month, OPG Power Ventures had proposed to acquire majority stake in Adhunik Power under the strategic debt restructuring (SDR)...
- 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...
- Learn with ETMarkets: How banks can reduce loan stressThe Reserve Bank of India introduced a number of schemes over the last two years after switching off its corporate debt restructuring schem...
- 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...
- Lenders looking to recover loans worth Rs 20,000 crore from Alok Industries by restructuring themIn January, the company had informed the exchanges that lenders planned to acquire 65% of the company by converting debt to equity under SD...
- 40 promoters of companies changed to address NPA issue: Government"During the last govt's tenure, economy had slowed down which resulted stress assets going up. But our govt has improved the situation," Ja...
- 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.
- 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.
- IVRCL pins hopes on 18 months SDR moratorium to bounce backAt the meeting of joint lenders forum held last Saturday, the lenders have decided to invoke SDR and fixed November 26 as reference date fo...
- Lenders to convert a part of Rs 3500 crore loan of Shiv-Vani Oil into equityLenders of Shiv-Vani Oil & Gas Exploration Services will soon convert a part of their Rs 3500 crore debt into equity under the strategic de...
- RBI to issue Strategic Debt Restructuring norms for bad loansThe new norms will be notified soon by Sebi pursuant to the approval from its board yesterday.
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