Siva Shelters offers to pay 20% of settlement amount immediately on signing of agreement
In extreme situations, file injunction suit against the latter to prevent it from taking coercive steps
Coffee Day Enterprises had reported a consolidated net profit of Rs 18.80 crore for the third quarter ended on December 31, 2021
Debt-ridden Future Enterprises Ltd (FEL) on Friday said it has defaulted on payment of Rs 2,835.65 crore to various banks and lenders.
The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing
If bankers move fast and preserve the enterprise value of defaulting companies, recovery rate will improve even as the new insolvency law, much like the GST, remains a work in progress
Loan restructuring and moratorium increase interest outgo
Godawari Power and Ispat Ltd (GPIL) on Tuesday said it has become debt-free by repaying all its long-term loans
Special liquidity for SFBs to help low-income groups, say experts
If you opt for restructuring, your interest cost will rise and there could be other charges
More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money
According to the data released by the National Payments Corporation of India, 32.76 per cent of all auto-debit transactions in volume terms failed in March compared to 36.6 per cent in February
This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities
Earnings improvement over two quarters was without proportionate lending growth
Here's a selection of Business Standard opinion pieces for the day
No interest on interest on moratorium loans
Reversing last session's losses, the 30-share BSE Sensex ended 280.15 points or 0.56 per cent higher at 50,051.44
SC judgment will end uncertainty in the banking system
The deadline has been pushed by over a month to March 31 in view of the pandemic
Have sought intervention of Ministry of Civil Aviation for fresh credit lines