Searched for
LOAN RECAST FACILITY
Three Go First lenders open to rejigging airline's debtThe restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standa...- Recast loans at non-bank lenders may double by this fiscal-end: ReportThe second wave of coronavirus infections has impacted the budding recovery in non-bank collections witnessed in Q3 FY2021 and Q4 FY2021, i...
- IDBI expects 2% of small borrowers to opt for recastIDBI Bank exited RBIs prompt corrective action (PCA) framework after four years in March this year, posted profits of Rs 512 crore at the e...
- 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...
- Care downgrades rating of Future Enterprises' NCD issueThe ratings of NCD issue of Series XXII-A, XXII- S and XXIII have been downgraded to 'CARE D' from 'CARE C', the Kishore Biyani-led Future ...
- SBI opens online window for restructuring retail loans: Here's how to use itThe relief has come after the Reserve Bank of India allowed the banks to provide loan restricting options to individual borrowers as well. ...
- More than Rs 10 lakh crore loans may avail restructuring benefit: BankersFinance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for COVID-19 related str...
- Finance Minister Nirmala Sitharaman to meet heads of banks, NBFCs on loan recast on ThursdayThe RBI last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset...
- Recast of individual loans due to coronavirus: Who, how and whenThe Reserve Bank of India (RBI) has announced a loan restricting plan for personal loans. The guidelines issued by the Central Bank provide...
- Shopping centres' body seeks moratorium on loan repayments till March 2021It can be noted that shopping centres and malls, which tend to attract a lot of crowds, have been shut since mid-March, much before the loc...
- PMO asks RBI to consider 1-time roll over of builders loansSources say the proposal is for banks to be empowered to take commercial decisions for a one-time recast of loans, and without classifying ...
- Companies performing well are exiting debt restructuringThe amount of loans that exited the CDR programme jumped 14% to Rs 58,205 crore from Rs 51,104 crore a year earlier, data from the CDR cell...
- Banking industry's loan restructuring under CDR method rises 50 per cent in Q2Loan recast under corporate debt restructuring jumped to Rs 18,000 cr, from Rs 12,000 cr in Q1, with Tecpro Systems taking the lead.
- IVRCL rallies over 8% on assets sale plan to pare debtIt has put up Rs 4,000 crore worth of assets for sale and expects to come out of debt burden in the next two years once the sale is success...
- Private sector banks to extend working capital funds to other firmsPrivate sector lenders participate in the revival programmes of distressed companies, but usually decline to lend for their working capital.
- Suzlon to sell $650 mn bonds overseas tomorrow as part of CDRSuzlon Energy, which recast its loans in January, is hitting the overseas bond markets to raise USD 650 million to prepay its forex debts.
- Banks agree to recast Suzlon Energy's Rs 10,829 crore debt18 banks are involved in the restructuring."We are waiting for a formal mandate from all banks to officially take it on board," an official...
- 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.
- Air India to raise $1 billion working capital from overseas marketsThe move follows the government allowing AI to borrow up to $1 billion annually through the external commercial borrowing (ECB) route.
- Finmin relaxes repayment period for textile units by 2-3 yearsIn a major relaxation of the conditions attached to the debt restructuring scheme for the textile industry announced earlier this month, th...
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