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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 on March 2020 and 8.3% (proforma basis) at the end of December 2020. Bad loans of Indian banks could ...

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, including approximately $10 million of maintenance capital expenditures - SMLP's 2021 investment in Double E...

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 plantation produce among others sops in the Budget. Prashant Bhansali, President, United Planters Associ...

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