Updated : 3 months ago IST
Mumbai (Maharashtra) [India], Dec 26 (ANI): Brickwork Ratings has downgraded the rating of Yes Bank's various long-term bond issues worth Rs 1,330 crore as India's fourth largest private sector lender grapples with the overhang of stressed assets.
Updated : 3 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], Dec 9 (ANI): Acuite Ratings and Reseach on Monday reaffirmed the long-term rating of double-A minus to the Rs 300 crore secured redeemable non-convertible debenture issued by Tourism Finance Corporation of India (TFCI) but revised its outlook from stable to nega
Updated : 3 months, 3 weeks ago IST
Singapore, Dec 5 (ANI): Moody's Investors Service on Thursday downgraded Yes Bank's long-term foreign currency issuer rating to B2 from Ba3.
Updated : 6 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): Financially-strapped Dewan Housing Finance Corporation (DHFL) will discuss its draft resolution plan at a meeting of lenders on Wednesday.
Updated : 9 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): The Reserve Bank of India (RBI) on Friday released fresh guidelines to deal with bad loans, which mandated banks to start the resolution even if there was a one-day default.
Updated : 10 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], May 14 (ANI): Exactly three years since it was legislated, the Insolvency and Bankruptcy Code (IBC) 2016 has made material progress in addressing the logjams it was supposed to -- which is faster recovery of stressed assets and quicker resolution timelines.
Updated : 1 year, 5 months ago IST
New Delhi [India], Oct 07 (ANI): A recent study has noted that India's corporate bond market, which contributes 17 per cent to the country's Gross Domestic Product(GDP) and is highly concentrated in the AAA rated bonds, is expected to change once the Insolvency and Bankruptcy Code (IBC) brin
Updated : 1 year, 9 months ago IST
New Delhi [India], June 12 (ANI): A top government official has said that a stakeholder meeting to discuss stressed assets in the power sector is expected to take place later this month.
Updated : 2 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) scrapped numerous loan restructuring programmes, asking banks to immediately identify defaults and make disclosures every Friday to the RBI credit registry, starting from February 23.
Updated : 2 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 22 (ANI): Union Finance Minister Arun Jaitley on Friday stated that although the banking sector has seen a substantial revamp, the problem of stressed assets still persists and remains the core area of concern.
Updated : 2 years, 7 months ago IST
New Delhi [India], August 3, (ANI): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs 4.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of
New Delhi [India], July 24 (ANI): Union Finance Minister Arun Jaitley on Monday introduced a bill to authorise the direct banking companies to resolve the problem of stressed assets.