Loan Refinancing

Public sector Indian Bank has inked a pact with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers, the bank said on Tuesday. The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure and party payment charges to prospective customers. The development will now enable bank's customers, especially in the rural and semi-urban markets to buy their vehicles from Toyota Kirloskar Motor, the city-headquartered Indian Bank said in a statement here. "This is yet another step by Indian Bank to enhance banking experience of our customers. As a bank, with pan-India presence, especially in rural and semi-urban areas. This association will further boost our auto-financing segment," Indian Bank executive director Imran Amin Siddiqui said. "Digitization of loan procedures has significantly reduced the turn around time for retail loan. We are keen to provide our customers comfort and convenience, by alignin

When asked "Are you looking to refinance any debt?" on the sidelines of the Hong Kong roadshow Tuesday, Singh said: "No, we don't have anything major at all"

The company has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source

Adani has rejected the concerns in detailed rebuttals of the Hindenburg report's allegations and criticism that it had unsustainable debt

Costly overseas funds forcing them to tap domestic sources

Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation

Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC

Adds that farm loan waivers benefitted just 50% of farmers since 2014; MSP has been instrumental in boosting incomes

Siva Shelters offers to pay 20% of settlement amount immediately on signing of agreement

Move will help restart projects stuck due to Covid-19. Both buyers and developers will stand to gain when these projects eventually see the light of day

"A full-fledged turnaround should be in place by the end of the last quarter or spilling over to the next FY," said Sachin Pillai, Managing Director & Chief Executive Officer, HLFL

A higher quantum of restructured assets would clearly reflect higher asset quality challenges for NBFCs and can restrict their ability to mobilise funds from banks and capital markets

Agency says RBI move on restructuring will help soften Covid-19 impact on banks' asset quality. Without this, gross NPAs could have touched a two-decade high of 11.5% by March 2021

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing

On Friday, the Reserve Bank of India (RBI) came up with policy measures to ensure there is enough liquidity in the system

Saudi Arabia approached banks last month with requests for proposals to refinance its $10 billion loan