Scheme For Sustainable Structuring Of Stressed Assets

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.

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.

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).

RBI may heed banks' request for tweaking S4A guidelines

CNBC-TV18 learns from sources that RBI could be mulling a few tweaks to the S4A of Scheme for Sustainable Structuring of Stressed Assets. Banks have requested the regulator to consider their plea for a more watered-down version of the scheme which splits a loan into sustainable and unsustainable parts.

Lenders planning S4A breather for Alok Industries

SBI-led lenders to the troubled textile manufacturer Alok Industries are considering restructuring of over Rs 18,000-crore debt under the S4A (scheme for sustainable structuring of stressed assets), sources said.

Banks may initiate debt recast plan for 3 steel cos: Srcs

Bhushan Steel, which has a debt of about Rs 40,000 crore, seems to be the most likely contender for the S4A or Scheme for Sustainable Structuring of Stressed Assets, learns CNBC-TV18 from sources. Electrosteel and Visa Steel are the other two companies.

Govt weighs options to further ease repayments of steel sector

The government is considering whether to ease the repayment mechanism further for cash-starved steel companies which are facing the crunch due to persistent slowdown

It's wrong to paint all promoters with the same brush: Piramal

Ajay Piramal, Chairman of Piramal Group, said the success of S4A depends on the company and its promoters.

RBI's new stressed assets scheme better than SDR: UCO Bank

The Reserve Bank of India's new Scheme for Sustainable Structuring of Stressed Assets will help banks with large corporate accounts in textiles, iron and steel and power sectors, says Ravi Krishan Takkar of UCO Bank in an interview to CNBC-TV18.

New debt resolution guidelines excellent initiative by RBI: IDBI

The new guidelines released by the Reserve Bank yesterday to deal with non-performing assets (NPAs) are an excellent initiative, says BK Batra, Deputy MD of IDBI Bank.