RBI proposes new debt restructuring rules to strengthen lenders’ ability to deal with stressed assets
In order to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking the financial structure of entities facing genuine difficulties, the Reserve Bank of India on Monday issued guidelines on a ‘Scheme for Sustainable Structuring of Stressed Assets’.
Jun 13, 2016, 20:32 PM IST
IMF's Lagarde says restructuring should suffice for Greek debt
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.
Aug 29, 2015, 18:45 PM IST
RBI allows banks to takeover ownership of stressed firm
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.
Jun 08, 2015, 21:50 PM IST
Ukraine to begin talks on debt restructuring: minister
Ukraine will begin negotiations with its creditors on restructuring its debt, the finance minister said Thursday.
Mar 12, 2015, 17:10 PM IST
Banks may be allowed to up stake in troubled projects: Rajan
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.
Dec 02, 2014, 21:11 PM IST
Debt restructuring in review if Argentina defaults: IMF
Argentina faces a Wednesday midnight deadline to pay certain hedge funds demanding full payment on defaulted bonds or risk being declared in default.
Jul 30, 2014, 08:57 AM IST
