Sitharaman asks banks to roll out loan restructuring scheme by Sep 15

The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.......

RBI begins CDR scheme reveiw

The corporate debt restructuring scheme is under review for a possible tightening.According to banking industry sources, the Reserve Bank of India is reviewing the scheme to make it more......

New debt rules squeeze India's crony capitalists

If Rajan's rules are fully embraced, India's crony capitalists will have had their day in the sun, notes Una Galani.  India's crony capitalists are feeling the heat. Under new rules laid......

Subhiksha petitions HC for compromise with lenders

Subhiksha Trading Services, the retail chain which stopped all operations when it ran out of cash, has filed a petition at the high court in Chennai, seeking a compromise with its creditors.......