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Debt
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 31.08.20

Sitharaman to discuss loan recast with bankers

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...
By PTI 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

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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

Business  /  Published 12.08.20

Fitch: Worry over debt recast

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 ...
By Our Special Correspondent in Mumbai

Business  /  Published 08.08.20

RBI: 4 in debt recast panel

The RBI has said lending institutions should ensure the resolution under the one-time facility is extended only to borrowers facing stress in their accounts because of Covid-19.  Accounts which ...
By Our Special Correspondent in Mumbai

Business  /  Published 07.08.20

Seal on debt recast

The RBI on Thursday conceded to a major demand of banks labouring under the burden of a moratorium scheme and announced a one-time loan restructuring mechanism. This facility will be available to adv...
By Our Special Correspondent in Mumbai

Business  /  Published 03.08.20

McLeod on verge of resolving debt issues

McLeod Russel, India’s largest bulk tea producer, is inching towards the resolution of its debt woes as two of its largest lenders seem to be coming on board for a comprehensive restructuring of...
By Sambit Saha in Calcutta


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