Loan Repayment

China to collect record $22 billion in BRI loan repayments in 2025

China will turn from a capital provider to a debt collector of 75 developing countries, including the world's poorest and most vulnerable, this year as they are due to pay back a record USD 22 billion loans owed to Beijing, according to data released by an Australian think tank. China has become the leading debt collector of developing countries, shifting from a net capital provider, "as bills coming due from its Belt and Road lending surge in the 2010s now far outstrip new loan disbursements", the latest research report of the Australian think tank, the Lowy Institute, said. In 2025, about 75 of the world's poorest and most vulnerable countries will make record high debt repayments totalling USD 22 billion to China as a result of peaks in new loan commitments made from 2012 to 2018, the report said. China faces a dilemma and growing diplomatic pressure to restructure unsustainable debt besides mounting domestic pressure, particularly from its quasi-commercial institutions, to recov

Vedanta repays $900 mn loan, deleverages balance sheet by $550 mn

The loan, taken by subsidiary THL Zinc Ventures in May 2023 at 13.9 per cent interest, was partly repaid using funds from Vedanta's $1 billion June 2024 QIP

NDTV loan-repayment case: Complainant satisfied with CBI's closure report

The complainant in the NDTV case, who had alleged irregularities by the ICICI Bank in accepting loan repayment from the media house, has accepted the CBI closure report and expressed satisfaction over the agency's probe, which did not find any collusion, criminal conspiracy or abuse of position in the matter. The Central Bureau of Investigation (CBI) filed the closure report before a special court last year, after its six-year-long probe did not find any irregularities in the transactions between the ICICI Bank and NDTV promoters Prannoy Roy and Radhika Roy. The case was lodged on a complaint from Sanjay Dutt of Quantum Securities Limited, who had alleged that the ICICI Bank had sanctioned a loan of Rs 375 crore in 2008 against the entire 61 per cent shareholding of the NDTV promoters as collateral. "The statement of the complainant (Sanjay Dutt) has been recorded to the effect that he does not want to file any protest petition against the closure report filed by the CBI as he is ..

Gold loans: Select repayment plan that perfectly matches your cash flows

Gold loan borrowers have a range of repayment plans they can choose from

Microlenders under RBI lens for 'netting off' loans; all you need to know

During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans

HDFC Bank to sell Rs 10k cr in loan portfolios via pass-through certificate

HDFC Bank will use a rare debt instrument known as pass-through certificates to sell loan portfolios worth up to Rs 10,000 crore ($1.2 billion)

No moratorium on repayment of loans during trawling ban period: Kerala govt

The Kerala government on Wednesday made it clear that no moratorium has been granted on repayment of loans availed by fishermen during the time of the ongoing 52-day-long trawling ban imposed in state waters. However, several measures, including free rations, were given to the fishermen's families during the trawling ban period from June 10 to July 31, state Fisheries Minister Saji Cheriyan told the state assembly. He was replying to a question raised by MLA E K Vijayan (CPI-M) during the Question Hour. The fishermen, who use mechanised vessels, and those engaged in other related work in the sector lost jobs during the ban, and they are being given free rations, the minister said. Under the financial relief scheme, those fishermen, who are members of their welfare fund board, would get assistance of Rs 4,500 during this time. Of this, Rs 1500 each is contributed by the union and state governments and the rest is the share of beneficiaries, he noted. While replying to a question,

Nearly 90% of young people lack ability to calculate loan repayments

The exercise involved calculating the total amount to be repaid after a year if one is given the loan amount and the interest applicable

Future Consumer defaults on Rs 369.59 cr loan repayment in July-Sep

Future Consumer Ltd (FCL) has defaulted on the payment of Rs 369.59 crore towards principal and interest on loans from banks, financial institutions and unlisted debt securities in the September quarter. FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on Rs 253.95 crore loans and revolving facilities like cash credit from banks and financial institutions as on September 30, a filing said on Thursday. The default amount for unlisted debt securities such as Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preferential Shares (NCRPS) is Rs 115.64 crore for the quarter, as per the regulatory disclosure. FCL's total financial liabilities is Rs 468.12 crore, including short-term and long-term debts. This includes Rs 266.80 crore debt from banks and financial institutions and Rs 201.32 crore from NCDs and NCRPS, the filing added. However, FCL added it is "is planning/working for asset monetization and debt reduction over the period in this year". FCL, pa

Lenders should release property docs within 30 days of loan repayments: RBI

For delays, attributable to the REs, beyond 30 days, they will compensate borrowers at a rate of 5,000 per day for each day of delay

Byju's makes a surprise $1.2 billion repayment proposal to lenders

Byju's and its lenders have been mired in a conflict for almost a year, during which rounds of negotiations to revamp its loan agreement have failed

High interest rates may impact borrowers' debt service capacity: FSB to G20

Ahead of the G20 Summit here, Switzerland-based Financial Stability Board (FSB) on Tuesday warned that higher interest rates alongside a slowing growth outlook, could impair the capacity of borrowers to service historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to G20 Leaders ahead of their Summit in New Delhi on September 9-10. The first letter outlines the work FSB has undertaken under the Leadership of India's G20 Presidency to address existing vulnerabilities in the financial system and enhance the resilience of the financial system to structural change. The second letter provides to G20 Leaders an update on the G20 Cross-border Payments Roadmap. FSB, in its communication to G20 leaders, stressed that a resilient and stable financial system is indispensable to sustaining economic growth, particularly in the current environment. FSB notes the challenging backdrop of strong and persistent inflation and slowing growth, and warns that .

Nitin Desai started delaying repayments from end of 2018: Edelweiss to HC

Senior Edelweiss officials, accused of abetting the suicide of renowned art director Nitin Desai on Friday submitted to the Bombay High Court that he had started delaying on his loan repayment schedules from the end of 2018. Senior counsel Amit Desai, appearing for Edelweiss Financial Services chairman Rashesh Shah, Edelweiss ARC MD and CEO Raj Kumar Bansal and two other company officials, said a total loan of Rs 181 crore was given to Nitin Desai. The senior counsel said there was no mens rea (intention) or instigation on the part of the accused to cause abetment of Nitin Desai's alleged suicide. A division bench of Justices Nitin Sambre and R N Laddha was hearing petitions filed by the officials and Jitender Kothari, who was appointed by the National Company Law Tribunal (NCLT) as an interim resolution professional, seeking for the FIR to be quashed. The petitioners had sought interim order of protection from any coercive action and for the probe to be stayed in the case pending

One in every 10 retail borrowers missing monthly payments: RBI report

According to RBI's financial stability report, the total of SMA-0, SMA-1 and SMA-2 in the retail advances in the public sector banks was 9.4% as of March 31

Maha Seamless hits new high, up 5% as firm prepays loan to turn debt free

The company made voluntary prepayment of outstanding long term loan of Rs 234 crore on June 09, 2023. The stock has zoomed 53 per cent so far this year.

Byju's lenders, their advisers weigh options after missed interest payment

The edtech company and its lenders are mired in a fight over the term loan after the firm breached terms of its debt agreement

Order to stop loan re-payment via credit card good for customers: Insurers

Insurers said it was never in the interest of the customer to repay the loan by borrowing on a credit card and paying much higher interest rates on the outstanding balance on the card

Promoter group firms have fully repaid loan against shares, says JSPL

Companies are part of Naveen Jindal group, which is following a deleveraging strategy

Delay in IMF deal may cause Pakistan to pause debt repayments: US bank

China, a close ally, can rescue Pakistan because of its close ties with the country, reports Dawn news

Adani Group loan repayment: How do promoters raise money through pledging?

Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission