RESTRUCTURED LOAN

The government provides financial aid called subvention to reduce loan interest. This helps farmers access affordable loans. The Interest Subvention Scheme assists farmers with short-term loans at lower rates. This scheme supports rural livelihoods....

Sri Lankan President Dissanayake might soon visit China. This comes after his recent trip to India. China is getting ready for his potential visit. Dissanayake thanked China for its help with Sri Lanka's debt restructuring and economic challenges. H...

Sri Lankan President Anura Kumara Dissanayake, fresh off his first official foreign visit to India, is preparing for a trip to China. Dissanayake expressed gratitude for China's support in Sri Lanka's economic recovery and debt restructuring. China ...

The SRs are from Axis Bank's 2017 assignment of ?1,229 crore in Bilt Graphics' debt to Edelweiss Asset Reconstruction Company. As of November 19, 2024, the total outstanding SRs stood at ?578.62 crore, with Axis Bank holding a share of ?491.83 crore.

Oyo is refinancing its $450 million debt and adding $375 million to acquire G6 Hospitality. Moody's upgraded Oyo's rating to B2, projecting $200 million EBITDA in FY25-26. This refinancing and equity raise will repay existing debt, improve liquidity...

CFM Asset Reconstruction Pvt Ltd has taken Vidarbha Industries Power Ltd (VIPL) to the National Company Law Tribunal (NCLT) for unpaid dues of nearly ?3,800 crore. VIPL, a Reliance Power subsidiary, defaulted on loans from Axis Bank and SBI, which w...

When it comes to large-caps, we think of Reliance, TCS, L&T or Infosys. The fact, however, is that these are not large-caps – they are mega-caps. The recent past has seen the emergence of new stars in the large-cap universe. Companies where policy c...

Zoomcar is actively restructuring its debt to reduce obligations of $31 million by June 30, 2024. The company has negotiated with lenders and vendors to convert 75% of its debt into deferred payments or reduced settlements. This effort aims to be co...

India, poised to become the world's third-largest economy by decade's end, is on a high-growth trajectory. Despite challenges like high funding costs and sluggish demand recovery, sectors such as consumer products, ecommerce, healthcare, and technol...

Indian banks have shown strong asset quality metrics in the June quarter of 2024. Gross non-performing loans fell by 15.2% year-on-year to Rs 4.57 lakh crore, with the GNPA ratio reducing to 2.8%. Public sector banks led the improvement, while priva...

Rajesh Sharma, MD of Capri Global Capital Limited, discusses the company's strategies for handling NPAs in the MSME segment and plans for growth in gold loans and affordable housing. The company aims to achieve a 25-30% annual growth rate over the n...

The government is considering bailout plans for MTNL and RINL, with discussions involving the finance ministry. A committee will decide on MTNL’s bank debt, while RINL faces significant losses and debt. Both companies are in default and seeking loan...

Anil Ambani and 24 other entities have been banned by SEBI from the securities market for five years due to fund diversion allegations at Reliance Home Finance Limited. SEBI imposed a ?25 crore fine on Ambani. Additionally, the Supreme Court overtur...

Seth R Freeman of B. Riley Advisory Services observed a notable increase in bankruptcies and how refinancing challenges impact businesses. He discussed the influence of higher interest rates and market dynamics, particularly on mid-sized enterprises...

The Supreme Court decided that banks and NBFCs are obliged to restructure MSME loans without awaiting applications, following mandates from the Central Government and RBI. This verdict overturns a Bombay High Court ruling, underlining the statutory ...

Private sugar millers are urging the government to permit the export of two million tonnes of sugar in the upcoming 2024-25 season due to an anticipated surplus in sugar stocks. Maharashtra's sugar production is forecasted to decrease by 10% primari...

In FY24, asset reconstruction companies saw a shift towards prioritising loan restructuring over asset sales, focusing on value maximisation and revival potential. This strategic change reflects the evolving role of ARCs in the resolution of bad loa...

In 2023, non-mortgage security receipts dominated fresh issuances, driven by retail non-mortgage bad loans, per India Ratings. Asset Restructuring Companies (ARCs) must enhance recovery infrastructure to handle this shift. Legal resolutions improved...

IMF presses Pakistan for energy reforms, debt targets, and subsidy cessation. Ongoing talks with IMF for a new loan program and budget plans to address financial challenges and stabilize the energy sector.