A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told PTI
After CRISIL downgrades company debt, bankers ask GVK group to come out with repayment plan
Many voices have been seeking continuation of some relief in repayments because of the lackluster economic conditions
Loan restructuring could postpone recognition of stress in the lender book in the near-term, but high share of such assets would be a credit negative, Icra said
Lower fleet utilisation, weak cash flows keep NBFCs under pressure
RBI's proposed guidelines for sale of loan exposures deals with various issues like asset classification of the loan to be transferred, nature of entity purchasing loan and mode of transfer of loans.
The RBI also said that the moratorium on loans, which was recently extended to August 31, is in the nature of a deferment and cannot be construed to be a waiver
Be prepared for lower loan eligibility and risk-based pricing
Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures
A senior State Bank of India executive said the moratorium is apt for small and medium enterprises whose cash flows have been impacted severely
Muted lending and subdued cross-selling amidst extended lockdown to hurt fee income and earnings
Action plan will have two phases: one for lockdown period when the economy activities resume, from April 20 to May 3, and the second after the lockdown period is over
This move will draw a fine line of functional balance of public-private partnership for development of highway infrastructure in the country
Also, during the first half of FY20, banks reported 398 cases of large-value frauds (above Rs 50 crore) worth Rs 1.05 trillion and 21 cases of frauds above Rs 1,000 cr, worth a cumulative Rs 44,951 cr
Being an online marketplace for lenders, the Mi Credit app debuts with support from Aditya Birla Finance Limited, Money View, EarlySalary, Zestmoney and CreditVidya
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt
As sales falter, banks tighten lending norms for auto dealers
The problems started late last year following shock defaults at shadow lender IL&FS group
Lower lending rates have long been seen as a needed boost to India's economy, which grew at a 15-month low in the April-June quarter