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TEXTILE LOAN RESTRUCTURING
Textiles industry seeks loan rejigThe textile industry has pitched for a one-time loan restructuring, citing a 25-50% drop in overall demand in FY21 due to the Covid-19 pand...- Apparel exporters write to P Chidambaram on loan restructuringApex apparel exporters body has written to Finance Minister P Chidambaram and asked him to persuade the RBI to issue necessary directions.
- Textile companies seek Rs 12,000 crore debt recastThe textile industry will put forward 290 cases involving Rs 12,000 crore of debt restructuring to the department of financial services thi...
- Government may recast textile sector's Rs 35,000 crore loanThe government may throw a lifeline to the debt-laden textile sector by restructuring RS 35,000-crore loan as dipping profit margins
- M Karunanidhi seeks Prime Minister Manmohan Singh's intervention over textile debt restructuringKarunanidhi today urged PM to direct RBI to issue necessary notification for the Rs 35K cr debt restructuring package for textile industry.
- TUFS subsidy to go up to Rs 1,000 cr: Anand SharmaThe government has decided to enhance subsidy under Technology Upgradation Fund Scheme (TUFS) to Rs 1,000 crore over the next five years.
- Finance Minister Pranab Mukherjee okays resetting of Rs 35,000-crore loans for debt-ridden textile sectorThe debt-ridden textile sector can look forward to some relief as the government has allowed restructuring of Rs 35,000-crore loans.
- Government decides to restructure Rs 35,000 crore loan of textiles sectorIn a big relief to the debt- trapped textiles industry, the government today decided to restructure loans worth Rs 35,000 crore.
- Anand Sharma meets Pranab on textile loan restructuringCommerce and Textiles Minister Anand Sharma held a detailed discussion with Finance Minister Pranab Mukherjee on re-setting of bank loans f...
- Textiles industries accounts for 8 pc of recast assets of banks: GovernmentThe government today said the textiles sector constituted eight per cent of the total restructured assets across banks.
- Banks advised to restructure viable accounts of textile unitsThe government has advised all public sector banks to look into accounts of textile units that require loan restructuring.
- RBI not in favour of relaxing norms on loan restructuring, says governmentThe government said the Reserve Bank is not in favour of relaxing norms on loan restructuring for any specific sector, including textiles.
- Cash losses to impair debt restructuring capacity of cotton textile makers - FitchRating agency firm Fitch Ratings says cash losses in the Indian cotton textile sector are impairing the debt servicing capacity of manufact...
- Finance Ministry considering loan restructuring for textile unitsTextiles Min has been following the matter with RBI after considering the industry's demand for re-setting of bank loans worth Rs 1 lakh cr...
- Hit by slowdown, textile mills are unable to pay back Rs 1 lakh crore loansThe government is scrambling to rescue banks that have outstanding loans worth Rs 100,000 crore to Indian textile mills on their balance sh...
- Textiles debt restructuring may add up to Rs 5,000 croreThe 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 ...
- NPAs of banks to rise this fiscal: FinminAhead of the monetary review by RBI, the Finance Ministry today said gross bad debts of commercial banks are likely to rise this fiscal fro...
- GTL goes for CDR route to convert loan into equityCoimbatore-based Gangotri Textiles, the makers of Tibre brand of trousers has opted for a corporate debt restructuring (CDR) scheme to rest...
- 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...
- Textile panel presents third report on debt recast, revivalThe 'steering group on investment and growth in textile industry', headed by Planning Commission member NK Singh on Monday presented its th...
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