Results for India
- Bond Default Complicates Things For Amtek
After its bond payment default, Amtek Auto is likely to find it difficult to get more funding from lenders, the Business Standard reported. Loans given earlier to the Delhi-based automobile components maker are now classified as Special Mention Accou ...
Daily Headline - global.abi.org - 09/23/2015 - 22:10 - 0 comments
- Bhushan Steel Gets Lenders Nod for Rs 30,000-Crore Loan Restructuring
Bhushan Steel Ltd (BSL) has received lenders' approval for long-term restructuring of about Rs 30,000 crore loans under a scheme of Reserve Bank of India. The Joint Lenders Forum (JLF) has agreed to extend the loans of BSL for a tenure of 25 years u ...
Daily Headline - global.abi.org - 07/08/2015 - 18:19 - 0 comments
- India: New Debt Restructuring Opportunities in India?
It has long proved difficult to deal with financially distressed companies in India. One of the main reasons is the many tools available to the existing management of a company to prevent an external creditor from taking control over the company. On June ...
Resource Article - abi_admin - 07/03/2015 - 09:30 - 0 comments - 0 attachments
- India Infrastructure: Built On Debt
Welcome to what is likely India’s largest ghost city, which extends across five expansive parcels of land along the highway adjacent to the racetrack. What was meant to be the crowning achievement of Jaypee Group and Jay Prakash Gaur, its 85-year-old pat ...
Daily Headline - global.abi.org - 06/22/2015 - 23:08 - 0 comments
- Reserve Bank Of India Announces New Measures On Debt Restructuring By Lenders
The Reserve Bank of India has provided banks, which are struggling to cope with a mountain of bad debt, new ammunition to deal with defaulting companies, The Economic Times reported. On Monday, the banking regulator issued new norms for Strategic Deb ...
Daily Headline - global.abi.org - 06/08/2015 - 22:04 - 0 comments
- RBI Governor Blasts Lenders For ‘Sitting On Money’
Facing calls to explain why banks had largely failed to pass on to consumers and businesses two policy rate cuts this year, Raghuram Rajan, the normally easy-going governor of the Reserve Bank of India, launched a rare attack. “Banks are sitting on money ...
Daily Headline - global.abi.org - 04/21/2015 - 21:02 - 0 comments
- With Empty Treasury, State Government Is Close To Insolvency
The state of Jammu Kashmir is heading towards insolvency as its treasury is empty, The Tribune reported. About 50 per cent of the government employees, pensioners, daily wagers and casual labourers have not received salaries. “It is a grim situation ...
Daily Headline - global.abi.org - 04/14/2015 - 22:05 - 0 comments
- Article from INSOL Europe (Week 16 - 22 February 2015) GlobalINSOLvency Editorial Board
The International MonetaryFund recently observed thatIndian corporate entities areamong the highest leveraged inthe Asia Pacific region. RecentReserve Bank of India (RBI)figures show that non-performingloans (NPLs) of the total loanportfolio of the India ...
Resource Article - twallace@abiwor... - 04/03/2015 - 11:38 - 0 comments - 1 attachment
- India's Biggest Bank Aims To Cut Bad Debt With Huge Online Property Auction
India's largest bank will hold a record online auction this weekend to sell repossessed flats, warehouses and offices worth a total of nearly $200 million as the state lender seeks to chip away at its $10 billion mountain of bad debt, Reuters report ...
Daily Headline - global.abi.org - 03/12/2015 - 22:51 - 0 comments
- India’s Overleveraged Companies Seek New Dawn
India’s legion of heavily indebted companies took heart last week as shares in Suzlon Energy soared nearly a third on news that the ailing wind-turbine manufacturer had sold a 23 per cent stake to Dilip Shanghvi, the billionaire pharmaceutical tycoon, fo ...
Daily Headline - global.abi.org - 02/23/2015 - 00:26 - 0 comments