In order to provide greater flexibility to SIDBI in its operations, it has been decided to roll over the facility at the end of the 90th day for another period of 90 days.
DIAL, which is majority-owned by diversified GMR Group, has debt of around Rs 3,000 crore. GMR Airports President (Finance and Business Development) Sidharath Kapur said it is looking to refinance the debt of DIAL at lower cost.
In a first by a public sector firm, ONGC Videsh Ltd has refinanced a USD 1.775 billion loan at lower rates to save nearly USD 37 million in interest payout, besides extending the repayment tenure
The company has received a refinance line of Rs 100 crore at 10 percent per annum from Micro Units Development & Refinance Agency Limited (MUDRA).
The recently-listed Sadbhav Infrastructure Projects Limited is going to undertake restructuring of three of its road assets to reduce interest costs, reports CNBC-TV18.
Under the RBI's 5/25 scheme, banks are allowed to extend the repayment schedule of loans to 25 years with an option to refinance them at the end of five years.
Under the 5:25 scheme the loan tenor will be extended to 25 years for earlier 8 years.
Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about Rs 10,200 crore) with long-term options in this fiscal ending March 2016.
After the Reserve Bank of India extended flexible refinancing scheme to existing stressed infra projects, CNBC-TV18 exclusively learns that debt-laden GMR Group is in talks with lenders to refinance loans worth Rs 4,000 crore for its Odisha Power Plant.
The Reserve Bank of India (RBI) would shortly come out with guidelines on refinance of existing projects as demanded by the industry, its deputy governor S S Mundra said Wednesday.
The investment bank says its earlier expectations of loan growth revival for IDFC are unlikely to come through as there is neither fresh capex in infrastructure nor the company is in a position to gain assets via refinance.
Engineering major Punj Lloyd is planning to refinance up to Rs 1,400 crore of debt into dollar loans over the next six months to cut costs and soften the impact of a falling rupee, a senior company official has said.
The Federal Reserve has poured billions of dollars into the mortgage market since the housing crash began, pushing mortgage rates to record lows, but it can't last forever. Recent remarks by Fed Chairman Ben Bernanke suggest the monthly mortgage market infusions may end sooner than later.
Rising home values make it easier for borrowers to refinance their mortgages or sell their homes if they lose their jobs or otherwise become unable to make payments, increasing the chance they will avert foreclosure.
Punjab and Haryana will seek a reduction in rate of interest on refinance by Nabard to state cooperatives and also demand speeding up of financial inclusion exercise in rural areas with Union Finance Minister P Chidambaram tomorrow.
Warren Buffett says along with equities, single-family homes are a very attractive investment right now.
'Refinancing' or 'switching' your existing home loan to another lender is also known as a 'Balance Transfer'. In a Balance Transfer, your outstanding loan is transferred to another lender of your choice by conforming to their rules and regulations.
The Reserve Bank of India said on Monday companies can refinance their overseas borrowing without seeking any specific approval from the bank.
Reliance Communications has drawn Rs 1,200 crore in the third tranche of a loan from China Development Bank to refinance short-term debt the Anil Ambani group company took for acquiring third generation or 3G spectrum.
State Bank of India (SBI) is going to refinance Rs 3000-4000 crore of the total of Rs 9500 crore debt of JSW Ispat, reports Business Standard. It touched an intraday high of Rs 2,645 and an intraday low of Rs 2,595.10. At 12:23 hrs the share was quoting at Rs 2,600.70, down Rs 17.40, or 0.66%.