Business Standard

Loan repayment

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,

No moratorium on repayment of loans during trawling ban period: Kerala govt
Updated On : 12 Jun 2024 | 2:34 PM IST

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

Nearly 90% of young people lack ability to calculate loan repayments
Updated On : 20 Jan 2024 | 11:18 AM IST

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

Future Consumer defaults on Rs 369.59 cr loan repayment in July-Sep
Updated On : 05 Oct 2023 | 5:22 PM IST

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

Lenders should release property docs within 30 days of loan repayments: RBI
Updated On : 13 Sep 2023 | 11:15 PM IST

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

Byju's makes a surprise $1.2 billion repayment proposal to lenders
Updated On : 11 Sep 2023 | 12:13 PM IST

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 .

High interest rates may impact borrowers' debt service capacity: FSB to G20
Updated On : 05 Sep 2023 | 6:07 PM IST

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

Nitin Desai started delaying repayments from end of 2018: Edelweiss to HC
Updated On : 18 Aug 2023 | 7:43 PM IST

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

One in every 10 retail borrowers missing monthly payments: RBI report
Updated On : 30 Jun 2023 | 11:03 AM IST

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.

Maha Seamless hits new high, up 5% as firm prepays loan to turn debt free
Updated On : 12 Jun 2023 | 11:41 AM IST

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

Byju's lenders, their advisers weigh options after missed interest payment
Updated On : 08 Jun 2023 | 8:54 AM IST

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

Order to stop loan re-payment via credit card good for customers: Insurers
Updated On : 09 May 2023 | 6:06 PM IST

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

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

Promoter group firms have fully repaid loan against shares, says JSPL
Updated On : 06 Apr 2023 | 10:32 PM IST

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

Delay in IMF deal may cause Pakistan to pause debt repayments: US bank
Updated On : 14 Mar 2023 | 1:17 PM IST

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

Adani Group loan repayment: How do promoters raise money through pledging?
Updated On : 08 Mar 2023 | 10:40 AM IST

Adani Group pre-pays over $900 million worth share-backed financing

Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation

Adani Group pre-pays over $900 million worth share-backed financing
Updated On : 07 Mar 2023 | 1:45 PM IST

Markets brace for potential default by Pakistan as $7 bn debt looms

Pak was downgraded deeper into junk by Moody's Investors this week as the country faces its worst economic crisis in decades, with foreign reserves plummeting and inflation soaring to record high

Markets brace for potential default by Pakistan as $7 bn debt looms
Updated On : 02 Mar 2023 | 12:49 PM IST

Adani group to repay $790 million share-backed loans, says report

Adani Green Energy also plans to refinance its 2024 bonds via an $800 million, three-year credit line, said the people, who declined to be identified as they were not auth­orised to speak with media

Adani group to repay $790 million share-backed loans, says report
Updated On : 28 Feb 2023 | 10:35 PM IST

Adani Group to repay up to $790 mn share-backed loans by March: Reports

Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named

Adani Group to repay up to $790 mn share-backed loans by March: Reports
Updated On : 28 Feb 2023 | 12:52 PM IST

Adani Ports considering to repay $605 mn of loans to calm investors

India's largest private sector ports operator, which reported an earnings miss in the latest quarterly earnings, also said it would roughly halve its capital expenditure next financial year

Adani Ports considering to repay $605 mn of loans to calm investors
Updated On : 08 Feb 2023 | 8:21 AM IST

Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan

The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds

Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan
Updated On : 14 Dec 2022 | 12:37 AM IST