Sebi notifies debt conversion norm for banks in distressed firms
To help lenders deal with defaulting borrowers, Sebi has notified new norms for banks to convert their debt into equity in distressed companies - a move that may lead to a sharp rise in restructuring of bank loans.
May 06, 2015, 13:27 PM ISTDebt conversion into equity unlikely to help lenders: Report
Relaxations given to banks by Sebi for conversion of debt in distressed companies into equity is unlikely to help lenders to solve bad loans problem, India Ratings said Thursday.
Mar 26, 2015, 19:58 PM IST