The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs
The government has identified over 1600 projects which are around 60 percent completion but got stalled due to paucity of funds
The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers
The move is likely to help 4.59 lakh housing units across the country. Only RERA-registered projects with positive networth will be provided funds.
A similar restructuring of loans is being considered by the lenders for another Williamson Magor entity, McNally Bharat Engineering
SBI has also been requested to extend conversion of Compulsorily Convertible Debentures amounting to Rs 5.5 billion
The decision to stop PASF services for private sector will affect 50 capital market professionals
It has significant presence in investment banking but lags pvt sector peers in broking space