Strengthen Loan Restructuring

The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds

Under restructuring 1.0, PNB received requests for restructuring Rs 11,000 crore in corporate, retail, and MSME loans.

Senior bankers say the situation had become serious and it was tough to gauge the economic impact

Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year

Positive management commentary from M&M Finance and Shriram Transport bodes well; sustenance is key

The rating agency said, "It expects capital market instruments to continue to be serviced, given the diversified nature of holdings and different class of investors"

From Kamath panel recommendations to rating firms reworking their India FY21 GDP forecasts, here are top headlines this morning

Hospitality firms say banks should be willing to restructure

30-50% firms don't meet criteria; Analysts say large firms in these segments don't need loan recast due to the efficient manner in which many of them operate

Experts say a one-size-fits-all solution works against medium and small players in the ferrous and non-ferrous space

Speaking about the loan restructuring, the chairman said that there will be complications, but "sure that bankers will take a considered decision to reach an equitable proposal"

Most state-owned bank execs expect 5-7% of their loan books will require restructuring

Take your repayment capability and the extra interest cost involved when choosing a restructuring option

From RBI policy review, Facebook planning further expansion to Voda Idea reporting Q1 loss, here are the top news on Friday morning

The ordinance authorises RBI to issue directions to initiate insolvency resolution process