Page 564 - Finance News

Kamath panel recommendations: 1,027 listed firms eligible for debt recast

These exclude banks, insurers, and NBFC

Loan recast: Things should be back on track in 2 years, says K V Kamath

In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator

'Sufficient comfort': State-owned lenders back RBI loan restructuring norms

Loan recast ratio guidelines will ensure strong companies make use of the restructuring window, says one executive

Investors should go beyond banks' headline numbers, dig deeper after recast

While corporate loans shall be restructured, retail and SME loans are at lenders' discretion

Kamath panel better than CDR, but may delay identifying stress: Experts

The K V Kamath panel's loan recast recommendations are better than CDR mechanism, but these may result in banks postponing recognition of stress through short-term relief, analysts said

Kamath Panel's 5 key ratios may make loan recast hard for small metal firms

Experts say a one-size-fits-all solution works against medium and small players in the ferrous and non-ferrous space

72% loans affected due to Covid-19, economic recovery improving: K V Kamath

Speaking about the loan restructuring, the chairman said that there will be complications, but "sure that bankers will take a considered decision to reach an equitable proposal"

State Bank of India prices riskiest capital securities at record-low cost

SBI will sell Rs 4,000 crore ($545 million) of the so-called Additional Tier 1 bonds at a coupon of 7.74 per cent

RBI announces OMO for sale, purchase of govt securities of Rs 10,000 cr

RBI will conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore each on September 10, the central bank said on Monday

HDFC's all-time low core valuations offer an interesting proposition

Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments

Kamath committee picks 26 sectors for loan restructuring, says RBI

Central bank allowed lenders to grant loan moratorium for three months on EMIs falling due between March 1 and May 31; it later extended the scheme until August 31

SBI denies VRS meant to save cost, says it plans to hire 14,000 this year

The spokeperson said SBI had an existing workforce of around 250,000 and had been at the forefront of serving employee needs and designing ways for engaging, assisting employees in their life journey

Banks sanction loans of Rs 1.61 trn to MSMEs under credit guarantee scheme

The Finance Ministry on Monday said banks have sanctioned loans of about Rs 161,017 crore under the Rs 3-trn ECLGS for the MSME sector reeling under the slowdown caused by the coronavirus pandemic

FIDC seeks relaxation in provisioning conditions for restructured accounts

The FIDC has also asked the ministry to allow debt restructuring of all standard MSME accounts in the 0-90 day bucket

Debt recast: FIDC suggests dropping additional provisioning for NBFCs

FIDC, a representative body of NBFCs, urged FM Sitharaman to drop additional provisioning requirements for NBFCs on accounts restructured under the one-time loan restructuring scheme

FinMin may soon set up DFI as banks struggle to finance infra projects

Govt has already come out with an pipeline of 6,749 projects which would cost $1.7 trillion in five years

The fund managers, the sleuths and the mystery of the missing ESG

Accompanied by a cameraman, Beslik spent 10 days meeting villagers and taking samples from streams close to the plants supplying companies that his then-firm had invested in

HDFC clears Rs 47,000 cr loans to 200,000 home buyers under subsidy scheme

These homebuyers belong to the Economically Weaker Section, Low Income Group and Middle Income Groups, HDFC said in a statement

SBI plans VRS scheme covering 30,000 staff as it seeks to optimise costs

The scheme will be opened to all permanent officers and staff who have put in 25 years of service or have completed 55 years of age on the cut-off date

Lakshmi Vilas Bank plans to raise Rs 1,500 crore to fund biz growth

The bank has been exploring various options for raising funds for augmenting the tier-I capital to support business growth as directed by the RBI, it said in the notice