debt crisis

Rs 4.46 lakh crore of zombie buildings sound alarm for Indian banks

There are Rs 4.46 lakh crore of stalled residential projects across the country and their developers have become locked in a downward spiral with shadow banks.

published on : 4th October 2019

Unemployment in European Union falls to 11-year low, Greece worst hit

Unemployment in the eurozone fell below the rate just prior to the world financial crisis in 2008 after reaching 12.1 per cent in mid-2013 at the height of the debt crisis.

published on : 30th September 2019

DHFL lays draft resolution plan, to seek moratorium on payments

Rating agencies had raised concerns over the mismatch in payments received on loans disbursed, and the payments to be made by DHFL on its debts.

published on : 7th August 2019

Gruh Finance stake sale fetches HDFC Rs 1,895 crore

The bank is in the process of auctioning the Jet Airway's property and is currently undergoing resolution under the NCLT.

published on : 7th August 2019

IBC records more liquidations than resolutions over past two years

Even after two years, the corporate insolvency resolution process continues to smooth out its kinks.

published on : 7th August 2019

Bankers lend support as firms borrow trouble

With light to the Cafe Coffee Day crisis, corporate debt has grown 65 per cent from Rs 38.8 lakhs crore in 2015 to Rs 64.1 lakh crores in 2019.

published on : 4th August 2019

Cafe Coffee Day crisis: Founder’s mound of debt can’t flow under the bridge

With six subsidiaries and nearly 30 associates and joint ventures, Coffee Day Enterprises’ consolidated debt as on March 2019 stood at over Rs 6,500 crore.

published on : 31st July 2019

IL&FS says on course to clear Rs 20,000 crore debt

IL&FS' fund-based outstanding debt was Rs 94,216 crore as of October 8, 2018.

published on : 24th July 2019

DHFL auditors raise red flags around financial numbers, loans

While stating that they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion, DHFL auditors put out several qualifications and disclaimers.

published on : 23rd July 2019

Debt-ridden DHFL expects approval of resolution plan by lenders by July-end

The ability of DHFL to continue as a going concern depends on its ability to monetise its assets, secure funding from the bankers, restructure its liabilities and recommence its operations.

published on : 23rd July 2019

Eurozone tries to avoid another Greek crisis

Hopes of a breakthrough to unlock bailout funds for Greece were dashed in recent weeks due to disagreements with its creditors.

published on : 20th February 2017