Page 3 - Debt Recast

Kamath panel better than CDR, but may delay identifying stress: Experts

The K V Kamath panel's loan recast recommendations are better than CDR mechanism, but these may result in banks postponing recognition of stress through short-term relief, analysts said

India Inc heaves sigh of relief as Kamath panel identifies key sectors

The report has identified power, construction, steel, retail and real estate sectors among 26 sectors that need relief

Difficult to avail loan restructuring under Kamath panel: Airline execs

Getting working capital loans will also become difficult as there is no certainty when the passenger flow will pick up

Kamath committee picks 26 sectors for loan restructuring, says RBI

Central bank allowed lenders to grant loan moratorium for three months on EMIs falling due between March 1 and May 31; it later extended the scheme until August 31

Debt recast: FIDC suggests dropping additional provisioning for NBFCs

FIDC, a representative body of NBFCs, urged FM Sitharaman to drop additional provisioning requirements for NBFCs on accounts restructured under the one-time loan restructuring scheme

Banks turn to digital tools to rework debt payment structures during Covid

According to India Ratings estimates, retail loans - home, personal, auto, and credit cards - amounting to Rs 30,000 crore may come up for recast

Finance Minister asks banks to roll out loan restructuring scheme by Sep 15

Nirmala Sitharaman asked banks, NBFCs to roll out loan restructuring scheme for Covid-related stress by September 15, and provide adequate support to the borrowers following the lifting of moratorium

Loan recast: Bank of Maharashtra to put 'conflict of interest safeguards'

Lender would be "purely" looking at cash flow as a key parameter for approving proposals; borrowers must prove Covid-19 pandemic has impacted them

Videocon Industries promoters seek fresh package for debt restructuring

The package would result in banks getting back Rs 33,400 cr from the company over the next few years

Loan recast, fund infusion by promoters key to keep Vodafone-Idea afloat

Analysts say restructuring of bank loans under June 7, 2019 norms possible if only promoters agree to bring cash to the table or a new investor

RBI restructuring package to help both borrowers, bankers: Experts

Besides the package, RBI has also permitted banks to provide additional finance to the borrowers, says Indian Overseas Bank MD & CEO

At least 5% of PNB's Rs 7.21 trillion loan book may be restructured

Majority of restructured loan accounts would belong to corporate segment, bank does not see large number of MSMEs going for loan revamp

Banks may restructure Rs 8.4 tn loans as economy sputters: India Ratings

A high proportion of the debt from the real estate, airlines, hotels and other consumer discretionary sectors is likely to be restructured

Debt recast may reduce transparency, hinder capital raising: Fitch

Private investors may be reluctant to participate in sale of stakes in state-owned lenders until impact of pandemic on their balance sheets is clear, agency says

Debt recast to give relief to Rs 3 trn retail, small corp debt: Crisil

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

RERA to approach RBI for one-time debt recast to overcome liquidity crisis

CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings

Lenders to troubled real estate financier Altico Capital begin debt recast

The company is diversifying its portfolio, both in terms of sectors and ticket size

Debt recast: RBI likely to relax voting threshold of lenders to 90%

The lowering of the voting threshold is expected to help several firms avoid bankruptcy, and aid banks in recovering dues faster

Bhushan, Electrosteel might be candidates for debt recast

Lenders are likely to consider Electrosteel, Bhushan Steel and Visa Steel for debt recast under the Scheme for Sustainable Structuring of Stressed Assets (S4A).

Bhushan, Electrosteel might be candidates for debt recast

The combined debt burden of Electrosteel, Bhushan Steel and Visa Steel is around Rs 54,400 crore