loan default
PC Jeweller Gets Lifeline, SBI Accepts One-Time Settlement Offer
Companies Finance News

PC Jeweller Gets Lifeline, SBI Accepts One-Time Settlement Offer

In a major relief to PC Jeweller, State Bank of India (SBI) has accepted the One Time Settlement (OTS) proposal submitted by the company, as per the disclosure made by the company to the stock exchanges on 13 March. The terms of the out-of-court settlement (OTS) proposed by P C Jewellers include a cash and […]

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RBI Proposes Cash Deposits Via UPI, Expands Digital Payments Scope For Retail
Finance Government National News

RBI Extends Deadline For New Penal Charges Regime Till 1 April 2024

The Reserve Bank of India (RBI) has extended the deadline for the implementation of a new penal charges regime by three months from 1 January 2024 to 1 April 2024. This extension applies to new loans, while existing loans must be switched to the new penal regime by 30 June 2024. It is important to […]

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Future Consumer Defaults On Rs 369.59 Cr In Loans In September Quarter
Companies Finance News

Future Consumer Defaults On Rs 369.59 Cr In Loans In September Quarter

In the September quarter, Future Consumer (FCL) defaulted on the payment of Rs 369.59 crore in principal and interest on loans from banks, financial institutions, and unlisted debt securities. FCL, the Fast Moving Consumer Goods (FMCG) arm of the financially strained Future Group, reported a default of Rs 253.95 crore on loans and revolving facilities, […]

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