E-PaperJoint Lenders Forum News
Khaitan Electricals’ lenders go for debt restructuring
Khaitan had approached the Board for Industrial and Financial Reconstruction in July for declaring it a sick company after its accumulated exceeded its net worth
1 min read31 Oct 2016Inter-bank squabbles delay NPA resolution
There is discontent about larger banks striking bilateral deals with promoters of firms with stressed assets
5 min read2 Aug 2016Jaiprakash Power lenders to invoke strategic debt revamp
Jaiprakash Power will be the second group company after Jaiprakash Associates Ltd, where lenders have recommended or discussed invoking SDR
3 min read27 Jul 2016Lenders planning S4A breather for Alok Industries
Alok Industries owes over `18,000 crore to a consortium of 32 lenders, led by the State Bank of India
1 min read24 Jul 2016Bankers to conduct marathon meetings to deal with stressed cases
Bankers also intend to evaluate the feasibility of a new financial structuring scheme introduced by the Reserve Bank of India in June
1 min read7 Jul 2016Lenders take over Visa Steel under SDR rules
The company is in discussion with lenders for preparing a conversion package to enable inviting a strategic investor in its special steel business
1 min read23 Sep 2015Amtek Auto fails to meet bond redemption deadline
Amtek was supposed to repay `800 crore to its bondholders as bonds it had issued in 2010 matured on Sunday
4 min read22 Sep 2015Bhushan Steel falls 7% on debt recast reports
Shares fall on reports that lenders have approved a debt recast
1 min read13 Jul 2015Bhushan Steel lenders to refinance firm’s loans under 5/25 scheme
Besides refinancing debt, Bhushan Steel is also trying to hive off and sell some non-core assets to reduce debt
2 min read6 Jun 2015RBI allows banks to recast loans in cases submitted before 31 March
The central bank has allowed banks to approve the restructuring of assets at 5% provisioning
1 min read7 Apr 2015Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared