Loan Restructuring

New Delhi's backing comes at a critical time for Sri Lanka as it has to put its massively indebted public finances in order to unlock the IMF loan that was agreed in September.

Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.

Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.

India's banks need to monitor the credit behaviour of restructured loans and the possibility of increased repayment slippages from sectors more exposed to the pandemic, the central bank said in a report on Friday.

Nirmala Sitharaman defended five years taken to file the first fraud complaint in the Rs 22,842 loan default by Gujarat-based ABG Shipyard

Government has issued guidelines for restructuring of loans taken by sugar mills and providing eligible defaulting factories with two-year moratorium

The fresh restructuring window for loans up to Rs 25 crore is also likely to support the microfinance institutions sector in alleviating the additional asset quality stress arising due to COVID-19.

The RBI re-opened its one-time loan restructuring plan for individuals, small businesses, and micro, small and medium enterprises currently affected by the state-wise lockdown restrictions.

Resurgence of COVID and associated containment measures have created new uncertainties and impacted nascent economic revival that was taking shape.

Budget 2021: Reserve Bank of India's monetary policy, including moratorium, restructuring of loans etc, has helped to ease financial constraints to some extent, but not the demand

South Korea's SsangYong Motor Co Ltd filed for court receivership on Monday after it defaulted on loan repayment of about 60 billion won ($54.44 million), the South Korean automaker said in a statement.

SBI Loan Restructuring: Education loans, auto loans, personal loans, housing, and other related loans are covered under the restructuring scheme

The Reserve Bank of India (RBI) said on Monday that it had broadly accepted recommendations made by a committee on loans restructuring for COVID-19-affected businesses. The RBI-appointed panel, under eminent banker KV Kamath, recommended five financial ratios for 26 sectors - including aviation, construction, power, real estate and automobiles - wh...

The committee will also scrutinise restructuring of loans above Rs 1,500 crore

New Delhi's backing comes at a critical time for Sri Lanka as it has to put its massively indebted public finances in order to unlock the IMF loan that was agreed in September.

Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.

Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.

India's banks need to monitor the credit behaviour of restructured loans and the possibility of increased repayment slippages from sectors more exposed to the pandemic, the central bank said in a report on Friday.

Nirmala Sitharaman defended five years taken to file the first fraud complaint in the Rs 22,842 loan default by Gujarat-based ABG Shipyard

Government has issued guidelines for restructuring of loans taken by sugar mills and providing eligible defaulting factories with two-year moratorium

The fresh restructuring window for loans up to Rs 25 crore is also likely to support the microfinance institutions sector in alleviating the additional asset quality stress arising due to COVID-19.

The RBI re-opened its one-time loan restructuring plan for individuals, small businesses, and micro, small and medium enterprises currently affected by the state-wise lockdown restrictions.

Resurgence of COVID and associated containment measures have created new uncertainties and impacted nascent economic revival that was taking shape.

Budget 2021: Reserve Bank of India's monetary policy, including moratorium, restructuring of loans etc, has helped to ease financial constraints to some extent, but not the demand

South Korea's SsangYong Motor Co Ltd filed for court receivership on Monday after it defaulted on loan repayment of about 60 billion won ($54.44 million), the South Korean automaker said in a statement.

SBI Loan Restructuring: Education loans, auto loans, personal loans, housing, and other related loans are covered under the restructuring scheme

The Reserve Bank of India (RBI) said on Monday that it had broadly accepted recommendations made by a committee on loans restructuring for COVID-19-affected businesses. The RBI-appointed panel, under eminent banker KV Kamath, recommended five financial ratios for 26 sectors - including aviation, construction, power, real estate and automobiles - wh...

The committee will also scrutinise restructuring of loans above Rs 1,500 crore