S4a

The Supreme Court had quashed the earlier NPA resolution rules, also known as "February 12 circular", terming it as "ultra vires". The central bank may bring back previous restructuring programmes like the Sustainable Structuring of Stressed Assets or S4A

Banks refer 8 cases for S4A resolution to Oversight Committee: Sources

According to sources, banks have referred eight cases for S4A to the RBI-mandated Oversight Committee (OC). The debt of these referred cases together is almost Rs 18,000 crore.

NPA resolution kicks into high gear, but banks still need somebody to foot the bill

The CDR system of restructuring corporate debt was introduced in 2001 as an institutional mechanism for restructuring corporate debt. Any loan exposure of Rs10 crore and more and involving at least two lenders could have been tackled on this platform.

SBI-led lenders propose recasting Bombay Rayon's Rs 5,000 crore debt: Sources

A 23-member bank consortium, headed by the State Bank of India, has approved the proposal for implementing S4A for the company. The case is now pending with the Oversight Committee (OC) for S4A clearance.

GVR Infra gets lenders' nod to convert debt via S4A scheme: Sources

Chennai-based construction company GVR Projects has got a nod for Scheme for Sustainable Structuring of Stressed Assets (S4A) from the lenders, sources say.

Govt rules out privatisation of Air India

The government today ruled out any proposal seeking to convert a part of Air India's long-term borrowings into equity or privatising the airline.

Foreign interest in stressed assets but framework needed: Moelis

Speaking to CNBC-TV18, Manisha Girotra of Moelis India said that India urgently needs capital and restructuring of stressed assets should be undertaken through any means possible.

Banks term Air India equity a 'burden', turn down loan rejig

A group of lenders to ailing Air India have turned down the national carrier‘s proposal to recast its Rs 9,000 crore debt by converting half of it into equity.

Are Acharya's words a call to action for banks?

In some "tough love" shown to banks by the Reserve Bank of India on Tuesday, while bankers are yet to digest the suggestions, it could well be a turning point for the public sector banks.

Bankers seek stronger resolution tools after Kingfisher fiasco

Amid legal agencies investigating bank officials on loan sanctions; bankers fear taking hair-cuts on bad loans and demand more teeth to resolution mechanisms.

Veteran bankers brainstorm: Just how can the NPA issue be solved

Veteran banking experts believe a serious NPA problem cannot be bilaterally solved by bankers and borrowers, it has to have major policy support from the government, the RBI and the administration.

HCC gets shareholders' nod for conversion of loan into equity

Hindustan Construction Company today said that the shareholders have approved conversion of loan into equity shares or optionally convertible debentures pursuant to implementation of RBI's scheme for sustainable structuring of stressed assets.

Banks mull new proposal to recast bad loans: Sources

Banks are seeking deep restructuring for large NPA cases outside of S4A and an upgradation of the portion of debt and the lower provisioning requirement.

HCC gains 4% on board nod for S4A scheme, bank guarantee limit

Hindustan Construction Company shares touched fresh 52-week high of Rs 42.65, up 4 percent intraday Friday after the board approved issuance of equity shares as well as optionally convertible debentures to lenders under RBI's S4A scheme and the bank guarantee limits.

SBI seeks more relaxation of S4A guidelines

Premier lender State Bank of India is believed to have wanted relaxation of norms in the Scheme for Sustainable Structuring of Stressed Assets (S4A), reports Mint

RBI tweaks debt rejig norms under S4A route

RBI today modified norms under the new scheme for restructuring stress loans by allowing lenders to treat sustainable debt as standard asset, subject to certain conditions.

Lenders to meet tomorrow to clear HCC's S4A scheme

The creditors of Hindustan Construction Company (HCC) will meet tomorrow to review the RBI-mandated overseeing committee's (OC) approval of scheme for sustainable structuring of stressed assets (S4A) of the construction major.

First S4A debt recast gets approval, more may follow

Construction major HCC's Rs 5,000- crore debt recast has become the first case to get approval of a high-level panel set up under RBI's new Scheme for Sustainable Structuring of Stressed Assets (S4A).

New S4A norms: More flexibility for banks?

The Reserve Bank of India (RBI) is all set to tweak the rules governing the resolution of bad loans. The Scheme for Sustainable Structuring of Stressed Assets (S4A) may be watered down to allow more flexibility for banks, reports CNBC-TV18.

Axis Bank eyes 18-19% loan growth, says slippages to continue

Over the last six quarters, not much improvement was seen on the operating side, said Jairam Sridharan, CFO of Axis adding that there now is more uncertainty over eventual numbers of slippages.

S4A should also consider under-progress projects: IDBI Bank

Speaking to CNBC-TV18 GM Yadwadkar, DMD, IDBI Bank said under the S4A only completed projects are covered. Under-implementation projects aren't covered, he said.

Air India mulls Rs 10,000-cr debt rejig under RBI's new scheme

Air India, which is operationally profitable now, is looking to rejig debt worth Rs 10,000 crore under the scheme for sustainable restructuring of bad assets floated by the Reserve Bank of India.

RBI issues guidelines governing sale of stressed assets by banks

The Reserve Bank of India has issued a new set of guidelines with framework governing sale of stressed assets by banks to asset reconstruction and non-banking finance companies, reports CNBC-TV18.

RBI issues clarification on S4A norms for NPAs to banks: Sources

The Reserve Bank of India (RBI) has issued a clarification with respect to norms of its Scheme for Sustainable Structuring of Stressed Assets (S4A), which allows bankers to restructure debt of companies in default.

Expect credit growth to rise to 10%; slippages to reduce: OBC

Slippages for the Q1 were Rs 3,464 crore, which are mostly from the iron & steel and textile industries, says Animesh Chauhan, MD & CEO of OBC. Total slippages from the restructured books stood at near Rs 1,500 crore.