Page 3 - Debt Restructuring Scheme
Lenders restructure Jain Irrigation's debt worth Rs 3,878 cr
The debt recast covered aspect like converting about 40 per cent of the total debt into long term non-convertible debentures at an interest rate of 0.01%
 "Lenders restructure Jain Irrigation's debt worth Rs 3,878 cr")
Sri Lanka to start talks with IMF on debt restructuring: Report
The island nation has to repay about $4 billion in foreign debt this year, including a $1 billion international sovereign bond maturing in July.
 "Sri Lanka to start talks with IMF on debt restructuring: Report")
RattanIndia Power registers record Rs 104 cr profit on back of dues payment
Bottom line surges over 3x year-on-year; company claims 'complete resurrection of business' two years after debt recast
 "RattanIndia Power registers record Rs 104 cr profit on back of dues payment")
Recast scheme to stay afloat, says RBI Trend & Progress report
The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit.
 "Recast scheme to stay afloat, says RBI Trend & Progress report")
Tea firm McLeod Russel expects final debt restructuring plan in few months
Bankers support the company as it engages with them 'very consciously', says CEO Aditya Khaitan.
 "Tea firm McLeod Russel expects final debt restructuring plan in few months")
HDFC Bank to ICICI, 8 banks recast exposures worth Rs 27,000 cr in OTR 2.0
The country's largest private lender HDFC Bank had the highest share in restructuring at Rs 17,395 crore, followed by another private lender ICICI Bank at Rs 4,156 crore
 "HDFC Bank to ICICI, 8 banks recast exposures worth Rs 27,000 cr in OTR 2.0")
L&T Finance Holdings Q2 consolidated net profit declines 15% to Rs 224 cr
The company's total lending loan book contracted by 12 per cent to Rs 86,936 cr in Sept 2021 from Rs 98,823 cr in year-ago period
 "L&T Finance Holdings Q2 consolidated net profit declines 15% to Rs 224 cr")
SP group to raise Rs 10,000 cr from asset sale, meet debt repayment target
Group puts textile land in Karnataka on sale; it had earlier sold its stake in Eureka Forbes and in renewable power firm Sterling and Wilson
 "SP group to raise Rs 10,000 cr from asset sale, meet debt repayment target")
Barely 1% of investment-grade firms keen on RBI's loan recast 2.0: Crisil
Of those inclined to seek restructuring, 95% are sub-investment grade; Crisil qualified views by saying these are preliminary readings from its survey
 "Barely 1% of investment-grade firms keen on RBI's loan recast 2.0: Crisil")
Restructuring of assets on cards in absence of moratorium: HDFC Securities
Financial institutions are likely to exercise 'Restructuring 2' for stressed assets, in the absence of a moratorium, said HDFC Securities
 "Restructuring of assets on cards in absence of moratorium: HDFC Securities")
Only nine large firms' debt of Rs 59,000 crore recast by banks so far
Kamath panel approved all the nine proposals of banks
 "Only nine large firms' debt of Rs 59,000 crore recast by banks so far")
Banker's Trust: Has crony capitalism hijacked bad loan resolution?
If bankers move fast and preserve the enterprise value of defaulting companies, recovery rate will improve even as the new insolvency law, much like the GST, remains a work in progress
Restructured loans of non-bank financials to double by March: ICRA
The pandemic and the curbs imposed to contain its spread have affected the cash flow of borrowers and prolonged the recovery process, according rating agency ICRA
 "Restructured loans of non-bank financials to double by March: ICRA")
Debt cut strategies useful for borrowers but they come at a cost
Loan restructuring and moratorium increase interest outgo
 "Debt cut strategies useful for borrowers but they come at a cost")
Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara
The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI
 "Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara")
RBI's new restructuring package for small borrowers: Will it work?
The new restructuring package for small borrowers has little chance of taking off
 "RBI's new restructuring package for small borrowers: Will it work?")
About 3,400 rated firms eligible for recast under fresh rules: CRISIL
Actual number of units going for recast could be much lower as the impact of pandemic might be contained over next 2-3 months, says rating agency
 "About 3,400 rated firms eligible for recast under fresh rules: CRISIL")
NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc
Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI
 "NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc")
Future lenders approve debt restructuring; plan to be sent for approval
Lenders of the debt-ridden Future Retail Ltd have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for Covid-19 related stress
 "Future lenders approve debt restructuring; plan to be sent for approval")
SC lifts NPA standstill, rejects moratorium extension and interest waiver
No interest on interest on moratorium loans
 "SC lifts NPA standstill, rejects moratorium extension and interest waiver")
