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Debt Restructuring
Business  /  Published 22.04.21

Debt recast for more Future group firms

The Future group got yet another relief when lenders to two more firms —Future Enterprises and Future Supply Chain Solutions — approved resolution plans to restructure their existing secur...
By Our Special Correspondent in Mumbai

Business  /  Published 26.11.20

Lenders clear Kesoram recast plan

Kesoram Industries has received in-principle approval from its consortium of lenders to its debt recast proposal. The plan envisages retiring the loans of  the Indian lenders by taking on fresh ...
By Our Special Correspondent in Calcutta

Business  /  Published 18.11.20

Few opt for debt rejig

Crisil Ratings, an S&P Global company, on Tuesday said as many as 99 per cent of the non-MSME corporate houses it has rated are unlikely to opt for the Reserve Bank of India’s one time debt ...
By A Staff Reporter in Calcutta

Business  /  Published 08.10.20

AirAsia debt rejig for long-haul arm

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. ...
By Reuters in Kuala Lumpur

Business  /  Published 09.09.20

Recast load more on smaller banks

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...
By Our Special Correspondent in Mumbai

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Business  /  Published 04.09.20

FM for loan recast start in 15 days

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...
By Our Special Correspondent in New Delhi

Business  /  Published 03.09.20

Business loan recast terms set to get clarity

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...
By Our Special Correspondent in Mumbai

Business  /  Published 02.09.20

Interest: govt against waivers

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...
By Our Legal Correspondent in New Delhi

Business  /  Published 28.08.20

Banks: RBI rap for risk aversion

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...
By Our Special Correspondent in Mumbai

Opinion  /  Published 27.08.20

Long shadow: Debt restructuring

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 ...
By The Editorial Board


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