Recast

Big Deal showcases - consolidation in the insurance sector, Aditya Birla Group announces a major recast of its businesses, and Tata Chemicals sells urea business to Yara. CNBC-TV18 tells you what the impact will be on the concerned companies.

Discoms paying power cos after debt recast, OBC confirms

After media reports suggested that the UP State Electricity Board (SEB) had recast its loans, CNBC-TV18 spoke with Oriental Bank of Commerce Chairman SL Bansal -- one of the bankers who is part of the consortium -- who confirmed the news.

Banks to provision 15% for 2nd recast of MFI loans: RBI

There have been reports that five heavily indebted MFIs - Bhartiya Samruddhi Finance (Basix), Asmitha Microfin, Spandana Sphoorty Financial, Share Microfin and Trident Microfin, had approached the central bank last month for allowing them to recast their loans for a second time.

RBI stiffens loan restructuring norms for banks

RBI increased the provision on new restructured standard loans to 5 percent with effect from June 1, 2013 as against the existing 2.75 percent. For the stock of same accounts as on March 31, 2013; it will be in a phased manner by March 31, 2016. Standard loan accounts cannot retain its standard status after restructuring from April 1, 2015.

Banks recall KFA loans after meeting management

Banks finally put an end to the lingering loan recast issue with the debt ridden Kingfisher Airlines (KFA). They decided to recall loans from the company after meeting the management here in Mumbai on Tuesday late evening.

Tulip Telecom in debt recast talks

Tulip Telecom Ltd, which defaulted on a USD 140 million convertible bond redemption in August, said on Monday it is in talks with lenders to restructure its long-term debt.