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3 mins read
Neck deep in debt? Here’s how some companies are helping habitual borrowers consolidate their loans
There were creditors coming home and harassing him. That’s when he came across the contact of a …
2 mins read
If you have a bank loan that you are unable to pay, restructuring is on its way
This means that you’re struggling to pay off your personal loans, you can ask the bank to modify…
2 mins read
SBI received restructuring requests for over ₹6,000 crore in October — expects that to more than double over the next three months
India’s largest lender is the first to reveal its restructuring numbers. At the end of October, it …
3 mins read
RBI clarifies restructuring only for loan accounts without any defaults as of March 1
This is because the restructuring framework is applicable only for eligible borrowers who were clas…
PTI
3 mins read
Supreme Court reserves verdict on extension of loan moratorium period
The Indian Supreme Court reserved its judgement on pleas regarding extension of the loan moratorium…
3 mins read
RBI brings in KV Kamath to set the boundaries for a one-time restructuring of loans
The Reserve Bank of India (RBI) has taken heed to the call of industry leaders and is open to the i…
2 mins read
SBI’s new chief Dinesh Khara shares his stance on restructuring, capital raising, hiring, and more
Dinesh Khara held his first press conference today as the new chairman of India’s largest banking e…
2 mins read
Supreme Court wants the government to give 'clear plan' on moratorium loan interest waiver by November 2 — 'Diwali is in your hands now'
The Supreme Court has set the deadline of November 2 for the ongoing case on whether or not the int…
2 mins read
Supreme Court defers loan moratorium case hearing to October 13 — gives RBI and the government another week to file additional affidavits
The Supreme Court of India has granted the Reserve Bank of India (RBI) and the Central Government a…
3 mins read
Loan repayments will become due starting today — here are the options that borrowers have
The Reserve Bank of India’s (RBI) six-month moratorium came to an end on August 31, and payments ar…
2 mins read
Biden's Education Department asked for feedback on its student-loan reform proposals. Over 4,000 people answered, sharing their struggles with debt.
While Democrats' lauded the student-loan plans, GOP lawmakers said they are "extremely disappointed…
Ayelet Sheffey
3 mins read
32% of the people who file for personal bankruptcy say that nearly half of their debt comes from student loans
College tuition has more than doubled since the 1980s, Business Insider previously reported. Conseq…
Hillary Hoffower
3 mins read
Relief rally in bank stocks continues as Supreme Court defers loan moratorium hearing to October 13
Bank stocks continue to rally after the Supreme Court gave the Central Government, the Reserve Bank…
3 mins read
10 lawyers who navigated the biggest bankruptcies in history are set for a huge boom in business as the coronavirus fuels a restructuring surge
Outside of being the go-to advisors to help corporate executives through this turmoil, these attorn…
Casey Sullivan
7 mins read
Top restructuring bankers are swamped with calls as companies are starting to 'run out of rope' - here's the advice they're giving clients to deal with the cash crunch
"Unlike other dips in the market, the concern isn't only being felt among the most highly levered i…
Alex Morrell
1 min read
Banks reject corporate guarantee on loans to Reliance Defence, insist on Anil Ambani’s personal guarantee
“Unless the stalemate is resolved, lenders may not go ahead in providing additional funding that th…
2 mins read
States and cities are stepping up to help businesses survive. Here are the best funding programs nationwide to help you pay rent, keep employees, and restructure your debt.
These resources are independent from the federal loans and grants for small businesses offered thro…
Guadalupe Gonzalez
2 mins read
HDFC Bank's Aditya Puri believes Sashidhar Jagdishan is the 'worthiest person' to succeed him
“I wouldn’t go into the qualities he possesses because most of us would know that. Suffice to sa…
6 mins read
15 restructuring lawyers explain how sectors like retail and energy are dealing with a 'sudden collapse' of revenue - and why they're gearing up for coronavirus fallout that could last years
Numerous attorneys contacted by Business Insider reported that they were super-busy, with one attor…
