Results for India
- 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
- Doubts Persist Over India Bank Recap Plan
India’s prime minister Narendra Modi this month unveiled plans to sell down government holdings in public sector banks, potentially injecting Rs1.6tn ($26bn) of capital into the banking system. But many analysts remain doubtful over the viability of the ...
Daily Headline - global.abi.org - 12/28/2014 - 20:46 - 0 comments
- India Paves Way for Loans to Save Billionaire’s Airline
India’s government said banks may be asked to lend as much as 6 billion rupees ($94 million) to billionaire Kalanithi Maran’s SpiceJet Ltd., as the indebted airline seeks investment over the next two months to keep flying, Bloomberg News reported. The lo ...
Daily Headline - global.abi.org - 12/16/2014 - 23:59 - 0 comments
- Hindalco Gears Up For Mega Debt Restructuring
Hindalco is gearing up for a mega debt restructuring drive. CNBC-TV18 learns from sources that over the next one year Hindalco seeks to restructure its debt of Rs 63,000 crore in three phases. Hindalco plans to refinance Rs 6,000 crore debt in the first ...
Daily Headline - global.abi.org - 12/03/2014 - 23:46 - 0 comments
- RBI Plans Greater Flexibility In Rules To Aid Loan Restructuring
The Reserve Bank of India will soon allow banks more flexibility while restructuring corporate loans, The Indian Express reported. Banks will be able to increase their equity holdings above the current cap of 10 per cent in companies undergoing debt ...
Daily Headline - global.abi.org - 12/02/2014 - 23:52 - 0 comments
- Rajan Seeks More Power for India’s Banks Over Big Bad Defaulters
Reserve Bank of India Governor Raghuram Rajan said banks should have more power to recoup money from defaulters to rebalance a system that’s skewed in favor of large companies, Bloomberg News reported. The Indian credit system is unhealthy and rests on a ...
Daily Headline - global.abi.org - 11/25/2014 - 22:40 - 0 comments