Loan Recoveries

One of the initial challenges of the process was whether a banker's agreement with the company and the personal guarantor is interlinked or separate

The exercise involved calculating the total amount to be repaid after a year if one is given the loan amount and the interest applicable

The company had written off Rs 544.71 crore during FY23, in comparison to just Rs 23.03 crore written off in the previous year

The lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a September deadline for filing its results

NARCL's Rs 3,570-crore offer for the Rs 9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge auction where it will have the right to match the winning bid and take over

While issuing instructions to regulated entities including banks, NBFCs and ARCs, RBI said it has observed that recovery agents are deviating from its instructions with regard to recovery of loans

Beyond the case, the decision also has demonstrative effect for sternly dealing with other big-ticket defaults, two senior officials with large banks said in a first-cut assessment.

The company has a balance outstanding of Rs 199.90 crore to the bank

The request has been made considering the recovery of small-ticket loans given to MSMEs, and proposes to bring parity in recovery of soured loans by banks and non-bank lenders

If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital infusion by the government, writes T N Ninan

65 per cent people polled in a survey have said that the pandemic and ensuing lockdowns hit their income and 56 per cent respondents claimed to have availed moratorium on loan and credit card dues.

Do your best to avoid a default. But if it happens, and a collection agent comes knocking, remember you, too, have certain rights

Union Bank, PNB & SBI witnessed improvement, but fresh addition to non-performing assets remains high