Page 3 - Loan Default

Moratorium on loans: SC gives 3 days to FinMin, RBI to decide on interest

On March 27, the RBI had announced a three-month moratorium on all term loans in view of the Covid-induced lockdown and related disruptions.

Moratorium: SC asks Centre, RBI to decide on EMI interest within 3 days

During the hearing, the bench said that it is trying to take a balanced view of the matter, and only wants that wider measures should be adopted.

All kinds of loans cannot be put under moratorium, Sebi tells SC

SEBI filed an affidavit in this regard in the apex court which had sought its stand on a plea

Fugitive Vijay Mallya to be flown, lodged in Mumbai on extradition: Report

The fugitive businessman will be accompanied by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) officials

Anil Ambani-promoted RInfra's total default pegged at Rs 3,315 crore

In notes to its consolidated results for FY20, the list of debt on which it has defaulted, or has delayed payments, includes 33 different lenders and non-convertible debenture (NCD) series.

High risk aversion of most lenders is astounding, says Bajaj Finserv CMD

Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

What steps did the govt take to prevent MSMEs from defaulting on loans?

Two important steps have been taken in this regard by the govt

Stimulus 2.0: Banks will monitor solvency, guarantees cool credit risk fear

While the issue of providing liquidity to existing borrowers who are sapped of revenues has been addressed, banks will have to undertake due diligence on the solvency of units, said bankers.

Vijay Mallya files appeal against extradition to India in loan fraud case

The leave to appeal to the Supreme Court is on a point of law of general public importance, which according to experts is a very high threshold that is not often met

Discretionary loans, cross-selling likely to reduce after moratorium

Larger challenge is to communicate to borrowers the difference between moratorium and waiver, say lenders

Credit disbursement: Banks face pressure to avoid large-scale slippages

Public sector bank executives point out that banks understand the need to provide critical support to borrowers hit by the lockdown, imposed to contain the spread of Covid-19.

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

RBI's EMI moratorium could give Rs 2.1 trn liquidity to companies: Report

'Sectors with higher leverage will be major beneficiaries'

Default-wary banks say won't use RBI funds for low-rated companies

The first TLTRO facility took place on March 27, and so far Rs 1 trillion has already been deployed.

RBI, Sebi split over default recognition; MFs, rating agencies seek clarity

In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining

Sebi to provide clarity to MFs over treatment of corporate defaults

The move comes in the wake of rising redemption pressure, lack of activity in the bond market and fears of non-payment of dues by corporate houses

Pandemic distress

We need businesses up and running and people back at work - and swift extraordinary actions to make this happen

Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors

UGSL, which shut its plants and operations after the lockdown was announced last month, said it has an outstanding of Rs 1,008 crore to its creditors