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Bankers to take final call on debt recast for Suzlon

Bankers to take final call on debt recast for Suzlon

Reports indicate that lenders of the debt-ridden Suzlon Energy may meet soon to take a final call on the corporate debt restructuring (CDR) exercise. Suzlon has asked bankers to provide the company with fresh loans of Rs 2,000 crore to meet payment requirements, Rs 3,000 crore as a working capital loan and a

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Srei 's IDF

Srei 's IDF

Having received approval from the Sebi for setting up an infra debt fund (IDF) through the mutual fund route, Srei Infrastructure Finance would begin the process now and hopes to launch it in January 2013. The Kolkata-based NBFC said that this would be finalised later. IDF is required as the country is set to invest huge amounts into the infra
sector and banks are close to hit their infra exposure limit.

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NPAs of state-run banks rise to Rs 1.43 trillion

NPAs of state-run banks rise to Rs 1.43 trillion

The non-performing assets (NPAs) of state-run banks rose to Rs 143,765 crore as at end September, 2012 from Rs 112,489 crore at the end of March, 2012, Minister of State for Finance Namo Narain Meena informed the Rajya Sabha. Of the total gross NPAs of state-run banks, 31.9 per cent belon

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Ministry mulls steps to develop corporate bond mkt

Ministry mulls steps to develop corporate bond mkt

In order to develop a vibrant corporate bond market, the union finance ministry is reportedly planning some steps in collaboration with Reserve Bank of India (RBI) and the ministry of corporate affairs (MCA). Media reports suggest that the ministry plans to give statutory liquidity ratio (SLR) status to corporate bonds in order to encourage banks to

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Air India to repay part of debt by raising funds

Air India to repay part of debt by raising funds

In order to reduce its interest outgo on the current dues, Air India plans to repay some of its debt that carry high interest rate. As part of this initiative, the airline plans to borrow Rs 900 crore from banks through issue of bonds. The amount would be used to repay a part of its debt. Air India is said to owe around Rs

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