Page 3 - Loan Restructuring News Today

Restructuring of the borrower account has to be invoked by September 30, 2021.

Amid deadly second wave, RBI announces loan restructuring for individuals and MSMEs May 5, 2021 RBI Governor Shaktikanta Das announces a slew of measures, including liquidity, credit, and more, as India struggles to cope with the deadly second COVID-19 wave. 6 CLAPS 6 The Reserve Bank of India on Wednesday announced a slew of measures, including loan restructuring for individual and small businesses hit hard by fresh COVID-19 wave. To augment supply of goods for COVID care, the centra...

Sensex up 424 points as RBI unveils Covid relief measures ANI | Updated: May 05, 2021 16:21 IST Mumbai (Maharashtra) [India], May 5 (ANI): Key equity indices traded in the green on Wednesday as RBI Governor Shaktikanta Das launched the second round of loan restructuring and other relief measures to counter the impact of Covid-19s second wave across the country. At the closing bell, the BSE S&P Sensex was up by 424 points or 0.88 per cent at 48,678 while the...

Read more about Covid-19 second wave: Clamour for packages for banks and NBFCs grows on Business Standard. Senior bankers say the situation had become serious and it was tough to gauge the economic impact

Synopsis The body in a letter addressed to Shaktikanta Das, Governor of RBI, said this was for the interests of retail NBFCs who “primarily cater to the funding needs of MSMEs, truck/taxi drivers, machine operators and marginal farmers and provide loans for acquiring the vehicles/tractors/equipments for productive purposes." ThinkStock Photos The second wave has already started impacting industry, with the self-employed having little or nothing to fall back upon. The Finance Industry Developm...

NBFCs move RBI; seek loan recast, liquidity cushion as COVID-19 wreaks havoc FIDC (Finance Industry Development Council), a representative body cum self-regulatory organisation for NBFCs, has written to the central bank seeking fresh relief measures BusinessToday.In | April 27, 2021 | Updated 17:34 IST Seeking liquidity cushion for the shadow banking sector for on-lending to MSMEs, the industry body has sought an increase in RBIs outlay for AIFIs (All India Financial Institutions) from Rs 50,...

NBFCs move RBI; seek loan recast, liquidity cushion as COVID-19 wreaks havoc FIDC (Finance Industry Development Council), a representative body cum self-regulatory organisation for NBFCs, has written to the central bank seeking fresh relief measures BusinessToday.In | April 27, 2021 | Updated 17:34 IST Seeking liquidity cushion for the shadow banking sector for on-lending to MSMEs, the industry body has sought an increase in RBIs outlay for AIFIs (All India Financial Institutions) from Rs 50,...

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ET Panache NEWS Powered by Suits & Sayings: Freshly-minted unicorn in trouble with investors; new mandate at play in Morgan Stanley; serial entrepreneur’s S-fixation Morgan Stanleys real estate and M&A rainmaker Sundareswaran S is also leaving the firm after more than a decade of hectic deal making. (Photo by: Anirban Bora) Synopsis A young lawyer has decided to move on after a five-year stint with this premier group as its general counsel. ET’s weekly r...

Banks may face a sharp surge in bad loans in FY22: ICRA SECTIONS Share Synopsis The ratings firm, expects, loan restructuring at 1.3-1.5% of the advances, much lower than its initial estimates. Despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at Rs 1.8 lakh crore at the web of December 2020, as compared to Rs. 3.6 lakh crore same time the year prior. ThinkStock Photos Gross bad loans were at 8.6% as on March 202...