RBI rejects Religare Finvest's proposal to rename itselfAs per the RBI's regulations, lenders cannot restructure loans of borrowers tagged as fraud, unless there is a change in management. Lender...
23 Dec, 2021, 07.11 AM IST
Future Group seeks lenders' nod to recast Rs 8,400 crore FEL debt post Reliance dealFEL's debt was restructured once last November under the Reserve Bank of India's one-time restructuring (OTR) scheme for companies affected...
29 Oct, 2021, 10.21 AM IST
Lenders to withdraw debt recast if Future Group-RIL deal goes throughBanking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat. The recast will kick in only i...
23 Apr, 2021, 10.08 AM IST
Dealmakers may have to let their old template go as COVID-19 changes the M&A playbookThe emerging themes in the post-pandemic play will be falling asset prices, the pressure to generate liquidity, investors looking to exit p...
16 Nov, 2020, 11.06 AM IST
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 ...
26 Dec, 2017, 08.01 AM IST
Edelweiss moves NCLAT against Synergies Dooray debt recastSynergies Dooray entered into a complicated deal with its sister concern Synergies Castings even as its matter was before BIFR.
09 Sep, 2017, 10.55 AM IST
Rs 44,000-crore loan recast: SSG Capital offers to buy Essar Steel loansThe move has raised the spectre of lenders losing substantially, and raised doubts whether it is a trial balloon for the shareholders to ne...
23 Sep, 2016, 08.13 AM IST
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...
15 Jun, 2016, 08.55 PM IST
Cabinet may take up power distribution firms' burgeoning debt issue tomorrowHit by subsidised tariffs, state electricity discoms are facing cash crunch and are incurring annual losses of about Rs 60,000-70,000 crore.
04 Nov, 2015, 03.37 PM IST
Banks fear loan default by commodity companiesRBI governor Raghuram Rajan has been critical of banks resorting to debt recast and postponing the problem of identifying bad loans.
20 May, 2015, 04.00 AM IST
Banks to release Rs 650 cr to ABG Shipyard soon under corporate debt restructuring dealABG Shipyard, which is under a CDR, will receive Rs 650 crore infusion from lenders by this month-end.
10 Sep, 2014, 11.37 AM IST
Banks sell Hotel Leela & Bharati Shipyard debt to ARCs"The debt recast for both these accounts has failed as the promoters were unable to raise the required capital to support the recast proces...
02 Jul, 2014, 12.43 PM IST
Lanco Infratech may soon sign Rs 7500-crore CDR dealOn Friday, Lanco Infratech and a consortium of over 25 lenders led by IDBI Bank, met in Gurgaon to work out the finer details of the debt-r...
28 Dec, 2013, 08.42 AM IST
Lenders agree to recast Rs 11,000 crore debt: Suzlon EnergyThe SBI-led consortium of 20 lenders has agreed to recast Rs 11,000 crore loan of the struggling Suzlon Energy under the CDR mechanism.
27 Nov, 2012, 06.55 PM IST
- Bank of Maharashtra restructures around Rs 1,100-cr debt of Rajasthan SEB
As per banking sources, a total loan amount of around Rs 6,000 crore, which has been given to RSEB, has been restructured by various banks.
20 Jan, 2012, 10.57 PM IST
- Textiles debt restructuring may add up to Rs 5,000 crore
The government is working on a package to restructure loans to the tune of Rs 4,000-5 ,000 crore for the textiles sector but has ruled out ...
29 Oct, 2011, 07.12 AM IST
- Maytas Infra, lenders may soon seal debt-recast deal
The corporate debt restructuring exercise at the troubled Maytas Infra has reached the final lap of negotiations with prospective lenders c...
15 Jun, 2009, 12.20 AM IST