Loan Recoveries
Byju's lenders seek immediate part-repayment of $1.2 billion loan
The lenders have hired Houlihan Lokey Inc. to advise them on amending covenants after the edtech titan breached terms, including a September deadline for filing its results
 "Byju's lenders seek immediate part-repayment of $1.2 billion loan")
NARCL makes offers to acquire Jaypee Infratech debt held by Public Banks
NARCL's Rs 3,570-crore offer for the Rs 9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge auction where it will have the right to match the winning bid and take over
 "NARCL makes offers to acquire Jaypee Infratech debt held by Public Banks")
Reserve Bank directs loan recovery agents not to intimidate borrowers
While issuing instructions to regulated entities including banks, NBFCs and ARCs, RBI said it has observed that recovery agents are deviating from its instructions with regard to recovery of loans
 "Reserve Bank directs loan recovery agents not to intimidate borrowers")
SC verdict in Mallya case will enhance recovery prospects: Bankers
Beyond the case, the decision also has demonstrative effect for sternly dealing with other big-ticket defaults, two senior officials with large banks said in a first-cut assessment.
 "SC verdict in Mallya case will enhance recovery prospects: Bankers")
PNB puts up National Steel & Agro Industries Ltd for sale to recover dues
The company has a balance outstanding of Rs 199.90 crore to the bank
 "PNB puts up National Steel & Agro Industries Ltd for sale to recover dues")
NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act
The request has been made considering the recovery of small-ticket loans given to MSMEs, and proposes to bring parity in recovery of soured loans by banks and non-bank lenders
 "NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act")
Looking at the canary: Do SBI Cards' bad loans have a deeper meaning?
If Covid-19 causes a fresh havoc to government-bank finances, it could be back to the old story of large-scale losses prompting further capital infusion by the government, writes T N Ninan
65% people suffer loss of income, 55% may seek loan recast, says survey
65 per cent people polled in a survey have said that the pandemic and ensuing lockdowns hit their income and 56 per cent respondents claimed to have availed moratorium on loan and credit card dues.
 "65% people suffer loss of income, 55% may seek loan recast, says survey")
Lenders are intensifying loan recoveries. How should borrowers respond?
Do your best to avoid a default. But if it happens, and a collection agent comes knocking, remember you, too, have certain rights
 "Lenders are intensifying loan recoveries. How should borrowers respond?")
Loan recoveries, upgrades improve for a few public sector banks
Union Bank, PNB & SBI witnessed improvement, but fresh addition to non-performing assets remains high
 "Loan recoveries, upgrades improve for a few public sector banks")
