Tag: lenders
Byju’s US lenders removed from creditor panel by court-appointed Indian official
US lenders to Byju’s were removed from an influential creditors committee by a court-appointed arbitrator in India, a potential boon for the struggling online-education company…
RBI looks to soften blow of tighter infrastructure funding rules
The Reserve Bank of India (RBI) is contemplating a staggered implementation of the increase in provisioning for project financing to soften the blow on lenders…
Reserve Bank of India: RBI shortens frequency of credit reporting to 15 days
The Reserve Bank of India (RBI) on Thursday shortened the frequency of reporting credit information of borrowers to credit information companies (CIC) to 15 days….
Byju’s: Court relief for Byju’s in TLB lenders’ suit
Byju’s won a legal reprieve on Monday when a civil court in Bengaluru declined to grant a plea by its lenders challenging Manipal Group Chairman…
Lending: All credit to festive season, digital lenders eye more business
With the festive season setting in, the digital lending industry is betting big on a quick rebound in business, as consumers prepare to loosen their…
RBI directs banks to offer fixed rate option to borrowers at interest rate reset
PTI | | Posted by Singh Rahul Sunilkumar The Reserve Bank on Friday asked banks and other lenders to provide individual borrowers with an option…
byjus loan: Byju’s lenders accused of using bogus loan-default claims
Lenders to one of India’s hottest tech startups, Byju’s, created bogus default claims tied to a $1.2 billion loan as part of a scheme to…
Adani Group in talks to refinance up to $3.8 billion debt: Report
Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for…
Surge in personal guarantor cases under IBC in FY23
Personal guarantors of loans taken by bankrupt companies are in the dock as lenders are increasingly invoking such guarantees under the Insolvency and Bankruptcy Code…