lenders

New Delhi: Jaiprakash Associates Ltd (JAL) lenders led by ICICI Bank on Wednesday rejected the revised single deal proposal, in which the indebted group had offered a higher down payment and sales of its cement assets.During a hearing before the insolvency appellate tribunal NCLAT, senior...

India PR DistributionNew Delhi [India], July 2: There are over 6.3 million MSMEs in India, with unmet credit demand close to $120 billion. Accessing small loans for MSMEs is often a long and uncertain process. The MSME credit landscape faces challenges in credit underwriting required for loan...

Buying your first home is an important milestone, but it can also be an overwhelming process, especially when it comes to obtaining a mortgage loan.Understanding the various aspects and preparing properly can make the journey easier and more manageable. This guide aims to provide first-time...

New Delhi: Fertilizer cooperative IFFCO has withdrawn its petition filed in NCLT, which had restrained Triumph Offshore from issuing any shares or securities to the lenders to repay the loan.The move comes after IFFCO (Indian Farmers Fertilizer Cooperative) exited Triumph Offshore by selling...

COLOMBO: Cash-strapped Sri Lanka has approved a debt restructuring deal with its creditors while talks with international sovereign bondholders will continue further, Cabinet spokesman and minister Bandula Gunawardena said on Tuesday.Gunawardena also said that top treasury officials along with...

New Delhi: UK-based development finance institution British International Investment on Tuesday said it has committed USD 75 million (about Rs 625 crore) for the second green basket bond organized by emerging markets access platform and financial lender Symbiotics Investments. .The green loan...

New Delhi: Lenders of Citi Networks have decided to seek more time to complete the insolvency resolution process of the debt-ridden company.The Committee of Creditors (CoC) of Citi Networks held a meeting last week, in which the resolution professional discussed the timelines, claims, legal...

Mumbai Infrastructure Investment Trusts (InvITs) enjoy immunity from insolvency proceedings and should fall under the Insolvency and Bankruptcy Code, a senior SBI official said on Friday.Ashwini Kumar Tewari, managing director of the bank, said lenders need assurance that they can recover...

New Delhi [India], India's real estate sector has debt financing opportunities of around Rs 14 lakh crore in the next three years, highlights a report by real estate firm JLL and Propstack.The report also highlighted that during the year 2018-23, the total debt penalties from the real estate...

Mumbai, Governor Shaktikanta Das on Friday said the Reserve Bank of India has observed that the public faces challenges in carrying out online payment transactions due to problems in the banks' systems and not in UPI or NPCI.Das said each instance of outage is studied by the concerned...

VMPLNew Delhi [India], June 7: When you're looking to apply for a personal loan, whether it's to cover an unexpected expense, finance a wedding, or consolidate debt, Knowing what is required of you can make a big difference. Each lender has its own criteria for who can borrow money and what...

New Delhi: Mining group Vedanta Ltd has received approval from most of its creditors for the proposed split of businesses, a significant step in the company's plan to be split into six independently listed companies.“I am happy to tell you all that we have received 52 percent and additional...

The group of lenders that gave a $1.4 billion term-loan to Byju's Alpha filed a petition against Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc. has been asked to initiate involuntary proceedings against them in a Delaware court under Chapter 11 of the US Bankruptcy Code.The...

Mumbai (Maharashtra) [India], The Reserve Bank of India has expressed concern over the functioning of the Asset Reconstruction Companies (ARCs), as the ARCs are not functioning as per their mandate for reconstruction and recovery of assets. RBI Deputy Governor Swaminathan Janakiraman says ARCs...

New Delhi: Jet Airways' successful bidder Jalan Kalrock Consortium (JKC) on Tuesday withdrew its plea before the NCLAT to transfer Rs 200 crore it had paid to the lenders into an escrow account.The withdrawal comes after the National Company Law Appellate Tribunal (NCLAT) refused to grant any...

Mumbai: The cut taken by creditors in bankruptcy resolutions has increased from 64 per cent in FY2023 to 73 per cent in FY2024, a report said on Friday.A total of 269 resolution plans were approved by the National Company Law Tribunal (NCLT) in FY24, up from 189 in the year-ago period...

Mumbai: Reserve Bank Deputy Governor Swaminathan J has cautioned that excessive reliance on unsecured loans and capital market funding could spell 'misery' for non-bank lenders in the long run.Addressing heads of assurance functions of non-bank financial companies at a conference organized by...

New Delhi [India], Paytm on Thursday termed as "factually incorrect" media reports that some lenders may have used Paytm's loan guarantee. "We respectfully request media outlets to refrain from misreporting and make necessary changes to their articles. Our clarifications and ensuring factual...

New Delhi, Chief Economic Advisor V Ananth Nageswaran on Wednesday said there is a high possibility of GDP growth reaching 8 per cent in FY2024 due to the strong growth recorded during the three quarters of the financial year ending March 2024. .India's gross domestic product (GDP) grew by 8.4...

Mumbai: The Reserve Bank on Friday proposed stricter rules for lending to projects under implementation.The central bank's draft rules include classification of projects according to their stage and a higher provision of up to 5 per cent during the construction phase, irrespective of the asset...