Malaysia’s AirAsia X Bhd, the long-haul arm of AirAsia Group Bhd, said it wanted to restructure $15.3 billion of debt and slash its share capital by 90 per cent to continue as a going concern. ...

More debt recast cases may arise in small and mid-sized banks than the bigger ones with the RBI accepting the recommendations of the KV Kamath panel and setting into motion the recast mechanism to hel...

The signing of ICA is a mandatory requirement in all cases involving multiple lending institutions, where the resolution process is invoked. Additional provisions need to be made if the agreement is n...

Finance minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out their loan restructuring schemes for Covid-19 related stress by September 15. “During her interaction, the fina...

The KV Kamath panel report on the nitty-gritty of business loan recast is expected to be out anytime this week even as finance minister Nirmala Sitharaman will meet the top bankers of the country on T...

The Centre on Tuesday virtually ruled out in the Supreme Court any waiver of interests on various loans. At the last hearing on August 26, the apex court had pulled up the Centre for its intransigenc...

Ahead of the roll out of a one-time debt recast for the resolution of Covid-19 related stress in bank loans, finance minister Nirmala Sitharaman will hold a review meeting with bankers and heads of no...

Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday warned banks that being overly risk averse would be “self-defeating”, even as he said that the new debt restructuring schem...

The moratorium on loans to businesses and retail borrowers in financial stress after the outbreak of the pandemic draws to a close by the end of the month. With still no indication of when the crisis ...

The Reserve Bank of India’s (RBI) decision on the one-time restructuring of stressed advances may delay bad loan recognition, Fitch Ratings said on Monday. Last week, the RBI had allowed banks ...