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DEBT RESTRUCTURING SCHEME
IL&FS pays Rs 920 crore to secured creditors of CNTLAfter Cube Highways' proposed deal for CNTL fell through, IL&FS opted to resolve it through an InvIT. IL&FS did not extend the deadline of ...- MMTC board approves debt restructuring schemeThe final settlement, the company said, is envisaged out of divestment proceeds of NINL.
- What SC verdict means for banks, companies and RBINo impact related to accounts mentioned in the first and second RBI lists.
- Older debt restructuring schemes may be revisitedNow, banks can go back to the erstwhile negotiated plans if the borrower defaults.
- Samara Capital in talks to acquire 3i Infotech3i Infotech, which counts SBI Mutual Fund and Bayer Crop Science as customers, has over 5,000 employees and over 1,200 customers.
- RBI circular intrudes on government turf?A controversial RBI circular issued in February may emerge as another point of contention with a section in the government of the view that...
- SBI to auction Rs 2200 crore loan to Bombay Rayon, bidding on August 20Banks have an exposure of nearly Rs 6,000 crore to the Mumbai-based company, which could be dragged to the bankruptcy court if a resolution...
- Bids invited from ARCs to sell Bombay Rayon loansBanks have an exposure of nearly Rs 6,000 crore to the Mumbai-based company.
- Banks’ proprietary stock holdings doubleBanks’ proprietary stock holding has almost doubled by 93%, from Rs 38,478 crore in June 2015.
- SBI to auction 12 bad accounts this month to recover over Rs 1,325 croreState Bank of India (SBI) said interested bidders can conduct due diligence of these assets with immediate effect after submitting the expr...
- IDBI prepares roadmap for NPA reduction, improving financial healthThe bank has also identified various non-core assets and real estate properties for sale to shore up its capital, sources said.
- Banks may sell Rs 4,000 crore GTL Infra loanSenior officials said that Union Bank has received mandate for all the member banks to jointly sell the loans of the company which will cou...
- SBI drags five Kolkata-companies to NCLTThe stock of Burnpur Cement, which has a consolidated market capitalization of about Rs 80 crore, lost 4.2% to end at Rs 9.25 apiece on the...
- Wake up call for defaulters: Financial Services Secretary Rajiv KumarThe financial services secretary noted that that the new guideline on bad loans issued by the central bank shows the government’s resolve t...
- Reliance Defence shares rise 6% after lenders agree to convert debt into equityThe company has exited the corporate debt restructuring scheme, a move that will make the company eligible to bid for upcoming defence cont...
- Alok Industries, with Rs 20000 crore NPA, seeks BIFR protectionThe developments comes at a times lenders are struggling to recover their Rs 20,000 crore loan which is now classified as non-performing lo...
- 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...
- Moody's: NTPC to benefit from government's UDAY initiativeNTPC is set to benefit from the recently announced debt restructuring program for state-owned power distribution companies, Moody's said in...
- IVRCL shares up 5% on boursesShares of IVRCL rose by 5 per cent after the Corporate Debt Restructuring Empowered Group (CDR EG) approved the CDR proposal submitted by t...
- Jindal Stainless issues Rs 100-cr shares to promoter firmThe shares were issued on March 30. Scrip of the company today settled at Rs 53.40 apiece, up 12.30 per cent over the previous closing on t...
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