IMF's Lagarde says restructuring should suffice for Greek debt

Last Updated: Saturday, August 29, 2015, 18:45

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

ABG Shipyard in talks with Privinvest for strategic stake sale

Last Updated: Friday, June 12, 2015, 15:55

The company did not offer any clarity on the equity percentage to be sold, but Privinvest is expected to buy up to 49 percent through fresh equity worth Rs 1,000 crore.

Tata Group shows interest to invest in Electrosteel Steels

Last Updated: Thursday, June 11, 2015, 15:16

Reacting to the news, shares of the firm breached the upper circuit. The shares were trading higher by 11.42 percent at Rs 4.20 apiece on BSE in afternoon trade.

RBI allows banks to takeover ownership of stressed firm

Last Updated: Monday, June 8, 2015, 21:50

Providing more teeth to lenders, RBI Monday allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated timeframe.

Bhushan Steel in talks with banks for debt restructuring

Last Updated: Thursday, March 19, 2015, 17:53

Bhushan Steel has said it is in talks with banks for restructuring of debt to the tune of USD 3.7 billion (about Rs 23,000 crore).

Cash-strapped Ukraine to start talks on debt restructuring

Last Updated: Thursday, March 12, 2015, 20:59

Ukraine`s government said Thursday it would begin negotiations with creditors on restructuring its debt, a day after the International Monetary Fund threw the cash-strapped country a lifeline.

Ukraine to begin talks on debt restructuring: minister

Last Updated: Thursday, March 12, 2015, 17:10

Ukraine will begin negotiations with its creditors on restructuring its debt, the finance minister said Thursday.

Banks may be allowed to up stake in troubled projects: Rajan

Last Updated: Tuesday, December 2, 2014, 21:11

Reserve Bank Governor Raghuram Rajan Tuesday said banks may be soon allowed to increase their equity holdings above the current cap of 10 percent in companies undergoing debt restructuring.

CDR referrals touch record Rs 1.09 trillion till December

Last Updated: Thursday, January 9, 2014, 21:05

Banks referred a record Rs 1.09 trillion worth of stressed assets to the corporate debt restructuring (CDR) cell between April and December, exceeding the level of Rs 91,400 crore for all of the previous financial year, an official said today.

Loan recast has gone "out of control": RBI official

Last Updated: Saturday, November 16, 2013, 19:33

"Till March 2011, things were manageable. We had around Rs 1.1 lakh crore in recast loans, but now if you see, things are quite out of control. It has gone up to Rs 2.7 lakh crore," he said at the annual Bancon here.

Bankers defer Rs 7,000-cr CDR plan of Electrosteel

Last Updated: Sunday, July 28, 2013, 18:20

The consortium of 27 banks has deferred plans to recast Rs 7,000-crore loan extended to the troubled Electrosteel Steels due to differences over terms of the proposal, including fresh capital infusion and corporate guarantee that promoters are supposed to bring to the table.