Debts

Essar group closes Rs 2000-cr Aegis sale; retires Rs 75,000 cr debt

Essar group has been selling off assets to pare its high debt, which has seen it exiting the oil business and also sell realty holdings, apart from Aegis, the BPO arm

RBI deputy Viral Acharya says 'bad bank' could help if designed right

In its economic survey released on 31 January, the finance ministry suggested setting up a bad bank that it said could be used to buy bad loans from the banks and deal with them through methods including conversion of debt to equity.

Govt to tighten screws on banks' 'window dressing' of accounts

Central bank Governor Raghuram Rajan last year warned banks against creating a liquidity squeeze at the year-end by ceasing to lend to each other "to build a certain kind of balance sheet".

Pressure upped on IMF to cancel debts of Ebola hit West Africa nations

"Staff are looking at further options to provide support to the Ebola-hit countries, through reform of an existing facility," an IMF spokesman told AFP.

Why your neighbour won't know about your debt, but the world will

In order to force defaulters repay, banks are planning to resort to a name-and-shame policy. They would publish wilful borrowers' photographs, names, addresses and other details in newspapers.