Loan 'restructuring' means the company is seeking easier payment terms such as reduction in interest rates, longer payment periods and even more funds.
India Ratings has maintained Dhanlaxmi Bank Ltd's BBB- long-term Issuer rating and the BBB- rating on its Rs170m subordinated debt on rating watch negative.
This announcement comes at a time when the banking sector is seeing a surge in corporate debt restructuring and rising bad loans.
RBI has once again displayed his autonomy by defying going against the market economists'advise of rate cut during the recent monetary policy review, with only one of the six economists supporting a policy status quo.
The Reserve Bank of India pulled up banks for not evaluating the risk coming from unhedged forex exposures of corporates.
Ravneet Gill makes a conscious effort to maintain a work-life balance. He likes to take short sporty breaks and enjoys visiting wild life parks.
ICICI Bank, the country's second-largest bank, has raised 500 million in Chinese yuan (Rs 440 crore) in the so-called Dim Sum bonds market in Hong Kong.
Services including trade finance, deposits, remittances, payments and receivables, savings and current account, foreign exchange and treasury.
ICICI is the only private sector bank to access the CNH market twice this year.
18 banks are involved in the restructuring."We are waiting for a formal mandate from all banks to officially take it on board," an official said.
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