Sdr
Recent Highlights
All Stories for Sdr
Govt does well to dovetail MSME loan rescheduling with GST, a carrot and stick policy beyond reproach
Muralidharan •The latest move is to apply balm on the MSMEs ravaged by demonetisation and Goods and Services Tax.
NPA crisis: RBI sticking to its deadline is fine; it means the days of compromise are over but courts still have final word
Madan •The fact remains that the NPA issue has ballooned over the years and even today one is not sure if all of them have been recognized and provided for.
HCC auditors question Lavasa's ability to continue as a 'going concern' after fully eroded networth
•Lavasa's Rs 23,000-crore hill city project near Pune ran into rough weather in November 2010 when the Union Forest and Environment Ministry asked the company to halt construction at the site citing violations, because of which its Rs 2,000 crore IPO got delayed.
IDBI prepares roadmap for NPA reduction, improving financial health; identifies non-core assets, real estate for sale
•IDBI, which is one of the richest in terms of real estate assets, recently got them valued at market rate and made it part of core capital, sources said, adding that this has strengthened the balance sheet of the lender.
Bad loan mess: RBI's new norms to speed up resolution of stressed assets
•RBI's new norms for overhauling the existing mechanism to deal with bad loans -- bringing them line with Insolvency and Bankruptcy Code (IBC) -- will help ensure speedy resolution of stressed assets in the banking system, officials said on Tuesday
Reliance Communications not to pay interest or principal to lenders in view of SDR and standstill period
Fp Staff •The company has also announced various asset sales and a comprehensive debt resolution plan.
Reliance Communications debt recast plan: Anil Ambani offers to hand over majority stake to banks
•If the latest rescue attempt goes through, lenders led by SBI will hold at least 51 percent in the telco and promoters stake will be halved to around 26 percent.
Air India may benefit from restructuring scheme but banks could be saddled with duds
Muralidharan •One wonders why the government is trying to rescue Air India, as it might well be exposing banks to duds which the airline's equity shares are likely to turn out given its massive accumulated losses
India Inc's asset fire-sales emerge as best hope for NPA-ridden banks
Muralidharan •Fire-sale in the event has come has manna from the heaven. It took some conscientious promoters to sell their group undertaking despite the fact that they constituted their crown jewels.
Rajan warns against unwarranted use of stressed asset schemes
•The Governor said that focus should now move to improving operational efficiency of stressed assets and creating the right capital structure so that all stakeholders can benefit.