Vishwanath Nair
Stories by Vishwanath Nair
India: RBI allows banks more time to exit assets under strategic debt rejig scheme
In June 2015, RBI introduced the SDR rules, which allowed banks to convert loans into majority equity, and find a new buyer for the company over a per
India: Srei to start $291m fund to invest in debt instruments of stressed firms
The fund will purchase assets or loans and invest by way of debt and other instruments that will be taken over from firms, banks, non-banking finance
India: JSW Energy close to buying majority stake in Monnet Power
The lending consortium to Monnet Ispat Energy had decided to invoke powers under the strategic debt restructuring (SDR) norms of the Reserve Bank of I
India: Electrosteel lenders shortlist Tata Steel, UK’s First International for majority stake sale
If the deal closes, Electrosteel Steels would be the first case where banks have been able to sell an asset where SDR norms were invoked by banks.
India: Kotak Group, Canada Pension board to launch $600m fund to buy stressed assets
For stressed asset fund managers, Indian banks seeking to take sticky assets off their books present a potential business opportunity.
India: Lenders approach PE biggies TPG, KKR & SSG with SDR assets of 9 firms
Under the SDR scheme, banks are allowed to convert their loans into a majority equity holding, following which they will have only 18 months to find a
