Page 4 - Loan Restructuring News Today

ICRA warns of significant jump in bad loans in current fiscal year 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 o...

Summit Midstream Partners, LP Provides Preliminary Fourth Quarter 2020 Results and Full Year 2021 Financial Guidance - Expect fourth quarter 2020 net income of $119 million to $121 million and adjusted EBITDA of $61 million to $63 million, resulting in full year 2020 adjusted EBITDA of $251.5 million to $253.5 million - Providing full year 2021 adjusted EBITDA guidance of $210 million to $230 million - Providing full year 2021 capital expenditure guidance of $20 million to $35 million, includin...

Plantation sector seeks higher allocation and loan rejig January 21, 2021 × Reeling under the impact of changing weather pattern and volatile price trend, the plantation sector in South has sought higher allocation of funds for the Commodity Boards in the Budget 2021-22 for clearing the growers’ dues. Besides, the labour-intensive sector has also sought a financial package for restructuring of loans for the coffee sector and urged the government to declare minimum support price for the plan...

Federal Bank MD & CEO says pick up in corporate growth may be a little delayed and can be expected in H2.

Read more about The concerns that kept moratorium and restructuring requests down on Business Standard. Disincentives, borrowing behaviour change, business recovery have kept references for restructuring low, ICRA said

Only a dozen large companies apply for Reserve Bank of Indias coronavirus loan recast SECTIONS Share Synopsis The Future Group, Shapoorji Pallonji Group and SpiceJet are among those who will apply for loan restructuring. Besides these, there are a couple of thermal power generating companies, a couple of toll road projects, and companies in the textile sector. (This story originally appeared in on Jan 01, 2021)MUMBAI: Around a dozen large borrowers have applied for the RBI’s loan restructu...

NPAs: Cleaner of banks or killer of Indian economy? December 12, 2020, 7:08 PM IST HP Kumar is the former Chairman & Managing Director of The National Small Industries Corporation Ltd. NPAs, the abbreviated term, popularly used for ‘Non-Performing Assets’ among Banks and borrowers is turning out to be a draconian provision for the entire business community. The Bankers are equally petrified of this application, as it not only eats away their good mo...

Indefensible loan restructuring that kept them on the hook for half a billion dollars. the white house says on top of the e-mails they have already provided over a thousand pages of solyndra related documentation. improper white house int peer rance was the initial investigation. one of the things that bathers me the most is they were concerned about whether news of solyndras layoffs before the med term elections or not more than they were financing companies like this even if they werent viab...

Workers, and, republican investigators are saying the sad truth is that the loan was tainted by stimulus politics from the outset, rushed out the door from the protests of the administrations top experts and layoffs delayed until after the 2010 election and an indefensible loan restructuring, which left taxpayers on the hook for half a billion dollars and the white house says there is no support for the allegations of political favoritism and improper white house interference that were the initi...