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LOAN RECAST
Can AI fix your credit score? Krutrim shuts down assistant KrutiHappy Thursday! Fintechs are building AI solutions to help boost the creditworthiness of borrowers. This and more in today’s ETtech Morning...- Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...
- Majority of lenders of IL&FS Tamil Nadu Power Company seal loan recast dealThe master restructuring agreement (MRA) was approved by a majority of lenders last week. This envisages a loan repayment schedule up to Ma...
- IBA expert panel to vet loan recast proposalsThe committee, which will be set up by the Indian Banks' Association, will comprise financial services experts and persons of eminence from...
- Banks explore option of setting up panel to advise them on loan recastThe RBI had in 2016 as part of norms for resolution of large borrowers envisaged the constitution of an Overseeing Committee (OC), but its ...
- Banks' plea seeking time for borrowers to comply with new loan recast plan rejectedIn August 2021, the regulator had extended the deadline for stressed companies to meet the parameters related to operational performance to...
- Banks see no rush for loan recast, expect borrowers to come forward in DecemberThere were approximately 387 accounts with an exposure of more than ₹1,500 crore that were standard at the end of March. Some of them avail...
- Borrowers seeking loan moratoriums rose after June; will be judicious on loan recasts: Axis Bank"The 9.7 (per cent) was the number as of June 30. Obviously over a period of time some more customers do ask for moratorium, so I can defin...
- SBI retail borrowers can check loan recast eligibility with a clickCustomers have to enter their loan account number, income pre-Covid, current income and also expected income in the near term for the bank ...
- Two-thirds of Crisil-rated companies eligible for one-time loan recastThe panel specified five financial ratios and sector-specific thresholds for resolution of COVID-19-related stressed assets in 26 sectors, ...
- Loan restructuring: Companies in worst-hit sectors may face increased scrutinyAmong the financial ratios to be monitored are total debt-to-Ebitda and total outside liability to adjusted tangible net worth (TOL/ATNW). ...
- Reality dawns on banks after data shows RBI's recast out of bounds for most of India's bad loansLatest data now suggests that teething troubles have already started for the one-time debt recast.
- Companies with loan recast seek moratorium from banksRBI’s Covid-19 regulatory package was announced to mitigate the debt-servicing burden of stressed borrowers. But the moratorium has also ra...
- Moratorium extension not enough, loan recast will be needed: AnalystsEquity investors dumped bank stocks on Dalal Street, sensing deeper pain ahead.
- Wish RBI had allowed one-time loan recast: Keki MistryRepo provided for lending to NBFCs, HFCs is a welcome move, says VC & CEO of HDFC.
- Rs 1.3 lakh crore is what public sector bank may need for loan recast planThis may be over and above the additional funds that banks would need to set aside for potential losses from loans that are classified as n...
- RBI norms for corporate debt recasts must not stifle enterpriseThis militates against the principle of limited liability: shareholder liability is limited to what they have invested by way of fullypaid-...
- State Electricity Boards loan recast: Veerappa Moily says issues to be sorted outVeerappa Moily today said any issues pertaining to recent loan recast of the state distribution companies will be sorted out.
- RBI proposals on loan recast will increase transparency: Fitch RatingsFitch today said RBI proposals on treatment of restructured loans would increase transparency and be positive for the Indian banking system.
- RBI Group wants stricter norms for loan recastIt also said banks should refrain from converting debt into equity, seek higher sacrifice from corporates while restructuring loans.
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