Page 13 - Resolution Framework News Today

Updates from the world of economy, markets, and finance The benchmark stock indices opened the day on a  positive note ahead of the RBIs address linked to pandemic relief. Join us as we follow the top business news through the day. 4:00 PM Stocks recovered well on a volatile day. Reuters reports: "Financial and healthcare stocks pushed Indian shares higher on Wednesday after the central bank announced measures to help the sectors tide over a ferocious coronavirus wave in the country. Reserve B...

Net Interest Income (NII) rose 8 per cent to Rs 3,843 crore in the March quarter compared to Rs 3,560 crore in Q4FY20.

Kotak Mahindra Banks Q4 net profit grows 33% ​ By IANS | ​ 2 Views Kotak Mahindra Bank.. Image Source: IANS News Mumbai, May 3 : Kotak Mahindra Bank on Monday reported a 32.8 per cent increase in its standalone net profit for the January-March quarter on a year-on-year (YoY) basis at Rs 1,682.37 crore. During the same period of FY20, the bank had reported a standalone net profit of Rs 1,266.60 crore. Net Interest Income (NII) for Q4FY21 increased to Rs 3,843 crore, from Rs 3,560 crore in ...

The total income rose to Rs 16,175.87 crore during the fourth quarter from Rs 12,084.71 crore in the year-ago period, the bank said in a statement. During the quarter, the standalone profit also increased by 33 per cent to Rs 1,682 crore as compared to Rs 1,267 crore in the same period a year ago. On a standalone basis, the total income grew to Rs 8,398.39 crore as against Rs 8,294.07 crore in the year-ago quarter. The net interest income (NII) increased by 8 per cent to Rs 3,843 crore from Rs ...

Future Lifestyle Fashions announced that identified lenders, concerned banks and the Company have executed necessary agreements, deeds, undertakings and relevant documents on 30 April 2021 for Implementation of One Time Resolution (OTR) Plan under Reserve Bank of India, 6 August 2020 circular on Resolution Framework for COVI D 19 related stress. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear ...

At meeting held on 29 April 2021The Board of Future Consumer at its meeting held on 29 April 2021 has approved a resolution plan to restructure the existing secured and unsecured financial debt from the bankers of the Company, as permitted under a Resolution Framework for COVID 19 related stress announced by the Reserve Bank of India. The said resolution plan has been approved by the Board, subject to final approval from the lenders of the Company. It may be noted that non-convertible deben...

Future Supply Chain board, lenders approve debt restructuring plan ​ By IANS | ​ 2 Views   Mumbai, April 21 : Future Supply Chain Solutions has said that its board of directors and lenders have approved a debt restructuring plan. In a regulatory filing, the company said that its board of directors approved the plan on Tuesday. "The board of directors of Future Supply Chain Solutions Limited at its meeting held on April 20, 2021, has approved a resolution plan to restructure its existing ...

At meeting held on 17 April 2021The Board of Future Retail at its meeting held on 17 April 2021 has approved a resolution plan to restructure the existing secured financial debt from the banker of the company as permitted under a Resolution Framework for COVID 19 related Stress announced by the Reserve Bank of India. The said resolution plan, which remains subject to the approval of the Expert Committee (under the chairmanship of the K. V. Kamath) constituted by the Reserve Bank of India, has ...

Future Retail finalises debt restructuring plan; to seek Kamath panel approval The company said that the debt restructuring was necessitated due to the disruptions caused by COVID-19 which led to cash flow not being able to bear the debt burden BusinessToday.In | April 18, 2021 | Updated 17:53 IST Future Retail announced that its board of directors has approved a resolution plan for restructuring the companys existing debt in line with the resolution framework sanctioned by the Reserve Bank of...

Summary One of the key drivers of economic recovery in India will be the efficient movement of capital from inefficient firms to efficient ones. The economic downturn caused by the coronavirus pandemic has been severe, and India’s economy was one of the worst affected in 2020–2021. Though the economy is recovering faster than initial estimates, sustained economic recovery will not take place if stressed businesses cannot restructure their debts properly or if failing firms cannot be resolve...