India's tough stance is better late than never.
Banks and financial institutions are seeking more flexibility in dealing with commercial and industrial loan accounts, which are seeing pressure due to cash flows and repayment.
Wiser from last year's free-fall, realty firms discovered a new mantra in 'affordable housing' and found help from banks who offered low interest home loans to build their businesses in 2009.
'Chinese companies have acquired stakes in 13 ports in Europe, including in Greece, Spain and, most recently, Belgium.' 'Those ports handle about 10 percent of Europe's shipping container capacity,' points out Ambassador M K Bhadrakumar.
You get a 45-day repayment window and reward points. But inability to pay back on time can be a problem.
It was bought by Vetoquinol, a family-owned group specialising exclusively in animal health, is the 11th largest animal health company in the world. Sources said the deal was worth Rs 170 crore. Wockhardt's animal health business had net sales of Rs 77 crore for the year ended December 31, 2008. The deal is subject to necessary administrative approvals and should take effect in the second half of 2009.
There can be as many as six co-applicants in a joint loan.
The upgrade, said Icra, takes into account the "robust internal accrual generation, leading to low reliance on debt, as well as gearing levels, and strong debt protection metrics".
The firm expects its recent equity infusion, debt refinancing and the compensatory rate to lead to a turnaround in its financial position.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
The government on Thursday said it will borrow an additional Rs 1,40,000 crore (Rs 1400 billion) during the first half of next fiscal to fund its increasing public expenditure.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
West Bengal lost Rs 546.68 crore (Rs 5.46 billion) in 2007-08 for not having its own fiscal responsibility law, which mandates fiscal discipline, according to the Comptroller and Auditor General (CAG).
The world's fifth largest wind turbine maker, Suzlon Energy, which has been grappling with quality issues with its rotor blades in the US and struggling to repay debt, finds itself in rough weather yet again -- this time in its home turf near Pune.
While selling NPAs, banks are also directed to work out the net present value of estimated cash flows in case of realisation of these assets. The sale price should generally not be lower than the net present value, RBI said.
At the start of the election process in Punjab it was expected that the farmers's suicides and the problems they faced would be a major issue during the campaign. However, few leaders have spoken strongly about this issue.
It is absolutely difficult to retain a healthy credit report if you have a history that shows your inability to cover up debts and repay loans regularly.
Kinetic Motor Company, the Pune-based scooter-maker, which sold its business assets to Mahindra and Mahindra for Rs 110 crore (Rs 1.1 billion) on Wednesday, is now considering to get into the auto components business.
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JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
Vodafone Idea's net worth (or shareholders' equity) was down 73 per cent year-on-year to around Rs 17,600 crore at the end of the December 2019 quarter after the company reported a net loss of around Rs 6,400 crore during the quarter. Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year. Analysts said a such a low level of net worth, coupled with continuing losses in operations, ruled out the possibility of the company getting fresh loans from lenders to fund its adjusted gross revenue (AGR) dues of Rs 54,000 crore.
The company had a total debt of Rs 16,010 crore (Rs 160.1 billion).
Kumaraswamy predicted that the political instability would continue in the state.
India has achieved 100 per cent electrical connectivity, but 100 per cent electrification remains a long-drawn task, says Shreya Jai.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
11th-hour debt restructuring programme offered no concessions to creditors
The shareholders will also get one redeemable preference share in Vedanta Ltd
The working group, in its report, said retail loans, including housing loans, are different in as much as they do not depend for repayment on the productivity of the asset, which has been financed by a bank.
Just in case you have surplus funds and are thinking about it, here are some pros and cons you must know...
In 2009, the company was blacklisted by the then Andhra Pradesh government after two labourers were killed when a trench dug for sewage pipe caved in
A debt-stressed farmer, who recently met Rahul Gandhi and told him about agrarian problems, on Wednesday allegedly committed suicide by consuming poisonous substance.
The President is bound by the recommendation of the Commission.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trn, there will still be a 40-45% year-on-year decline.
In a relief to liquor baron Vijay Mallya, the high court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around 1.145 billion pounds from him. Justice Michael Briggs of the insolvency division of the high court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka high court be determined, allowing him time to repay his debts to the banks in full.
Guaranteeing a loan requires careful analysis before making the decision; you should not guarantee a loan just because a friend or acquaintance has asked you to do so, warns Rajiv Raj
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
