Tag Archives: banks

Dalal Street Week Ahead: PSUs, banks, auto and select financials may put up a resilient show

After testing a fresh lifetime high at 18604, the Indian equity markets slipped into some corrective consolidation within a broad range. The bulk of the previous week was spent in the corrective mode as the NIFTY rapidly lost ground after … Continue reading

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Cash-strapped Lanco Infra’s CDR runs into trouble?

Cash-strapped Infrastructure Company Lanco has run into trouble as far as its corporate debt restructuring plan is concerned. According to sources with direct knowledge, lenders aren’t inclined to pass the proposal to restructure Rs 7,500 crore of loans Lanco Infratech … Continue reading

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Lanco Infratech in talks for Rs 23,000 crore loan recast

By Anita Bhoir, CR Sukumar & Sobia Khan MUMBAI/HYDERABAD/BANGALORE: Lanco Infratech, a builder of power plants and roads with nearly Rs 23,000 crore of longterm debt, is negotiating with some banks for an easier loan repayment schedule because of strain … Continue reading

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Banks to go ahead with power units’ resolution plans

Banks have decided to continue with their resolution plans for power plants without seeking any advice from the Reserve Bank of India. The decision follows a favourable legal advice in the interpretation of the Supreme Court’s September 11 interim order … Continue reading

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Gitanjali Gems seeks Rs 1,000 crore more in loans from banks

MUMBAI: One of the country’s largest jewellers, Gitanjali Gems , is fishing for a lifeline from lenders. The company, which has been hit by Reserve Bank’s new rules on gold import, has approached banks for more than Rs 1,000 crore … Continue reading

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Fast growing gold loans turn sour hit by lockdowns

High yielding advances against gold jewellery, once the hottest loan product for banks, have turned sour this year as collections are affected due to the lockdown in the first quarter. Kerala-based Federal Bank and CSB Bank, besides large private sector … Continue reading

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ATMs to dispense new Rs 200 notes only by year-end

(This story originally appeared in on Oct 17, 2017) CHENNAI: It might take until the New Year before the recently introduced Rs 200 notes get dispensed through the country’s ATMs. Most ATM makers cite non-availability of the notes, as a … Continue reading

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Liquidity crisis casts shadow: NBFC top execs move out to join banks, fintech

KOLKATA | MUMBAI: Several senior professionals in the nonbanking finance space have quit over the past year and hundreds more are on the lookout for openings elsewhere as the sector reels under a liquidity crunch. The departures have halted the … Continue reading

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MSME credit guarantee scheme: Banks disbursement crosses Rs 1 lakh crore-mark

NEW DELHI: The finance ministry on Thursday said banks have disbursed more than Rs 1 lakh crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, impacted by the economic slowdown due to COVID-19. … Continue reading

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Corp loan share in non-food credit slips: Wilful defaulters up funding costs

MUMBAI: The Economic Survey revealed that wilful defaulters owe more than Rs 1.4 lakh crore to banks as of 2018. It argued that wilful defaulters were like freeloaders which, if left unchecked, would increase the borrowing costs for genuine businesses. … Continue reading

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