Debt News - Latest Updates & Headlines
India Inc.'s credit profile has improved consistently for 4th year: ICRA
New Delhi, April 1: The credit profile of India Inc. improved for the fourth consecutive year in FY2025 driven by a healthy growth in profits, according to an ICRA report released on Tuesday.
China-Bangladesh relations: A new path or new worry? (IANS Analysis)
New Delhi, March 31: Chief advisor of Bangladesh’s interim government, Muhammad Yunus was recently on a four-day official visit to China, the first bilateral engagement since assuming power. The Press Secretary of the Chief advisor termed this “the most important visit” by a Bangladesh leader over last five decades, denoting the significance of this visit for Dhaka. Post Sheikh Hasina Bangladesh is noted for its strikingly different approach when it comes to neighbourhood relations. Its engagements with China, however, have been akin to the previous (fallen) government.
Single-parent families' household income at 60 pc of average: report
Seoul, March 30: The average monthly income of single-parent families stands at only about 60 percent of the average for all households, a government report showed on Sunday.
Net claims of non-residents on India up by $11bn during Q3 FY25: RBI
New Delhi, March 28: Net claims of non-residents on India increased by $11 billion during the third quarter (Q3) of FY25 and stood at $364.5 billion in December 2024, as per India’s International Investment Position (IIP) data released by the Reserve Bank of India (RBI) on Friday.
Indian companies raise record funds through equity and debt in FY25: Report
Mumbai, March 27: Indian corporates raised record-high funds through equity and debt in the financial year 2024-25, despite market fluctuations, a new report said on Thursday.
BOK warns against market volatility amid uncertainty, rising household debts
Seoul, March 27: The South Korean central bank warned on Thursday of the possibility of increased volatility in the financial market and its potential impact on the country's financial stability amid weak economic growth and high uncertainties at home and abroad.
Gujarat, Maharashtra, Karnataka and Odisha are top performing states financially: CareEdge Ratings
New Delhi, March 27: Gujarat, Karnataka, Maharashtra, and Odisha have emerged as the top-performing states in terms of financial strength.
Bharti Airtel prepays Rs 5,985 crore of high-cost spectrum liabilities and voluntarily redeems USD 1 billion in perpetual debt securities
New Delhi, March 26: Telecom company Bharti Airtel Ltd and its subsidiary Bharti Hexacom Ltd have prepaid additional Rs 5,985 crore to the Department of Telecom, thereby fully prepaying the high-cost interest liabilities of 8.65 per cent pertaining to the 2024 auctions, the company said in a release on Wednesday.
Bharti Airtel prepays additional Rs 5,985 crore of high-cost spectrum liabilities to govt
New Delhi, March 26: Bharti Airtel on Wednesday said it (along with its subsidiary Bharti Hexacom Ltd) has prepaid an additional Rs 5,985 crore to the Department of Telecom, thereby fully prepaying the high-cost interest liabilities of 8.65 per cent pertaining to the 2024 auctions.
India's GDP has doubled to USD 4.2 trn over last ten years: IMF
New Delhi, March 26: India's Gross Domestic Product (GDP) has doubled in size over last ten years, according to the latest data released by the International Monetary Fund (IMF).
SEBI eases investment rules for category II AIFs, allows investments in lower-rated listed debt
Mumbai, March 24: The Securities and Exchange Board of India (SEBI) on Monday announced that it has eased investment norms for Category II Alternative Investment Funds (AIFs), allowing them to invest in listed debt securities that are rated 'A' or below.
Electricity rates in Delhi to rise due to Rs 27,000 cr debt under AAP govt: Minister Ashish Sood
New Delhi, March 24: Delhi Power Minister Ashish Sood on Monday indicated a potential rise in electricity prices, attributing it to a Rs 27,000 crore debt left by the previous AAP government with power distribution companies (Discoms) through the Delhi Electricity Regulatory Commission (DERC).
Did not clarify any of our doubts: K Kavitha slams Telangana Government over loan repayment transparency
Hyderabad, March 22: BRS leader and MLC K Kavitha on Friday accused the Telangana government of a lack of transparency, alleging that while it claimed in the Assembly to have used Rs 1.53 lakh crore to repay debts from the previous administration, it failed to provide any details when questioned.
South Korea's total debt hits record high of over $4.27 trillion
Seoul, March 20: The combined debt of the government, companies and households in South Korea has reached an all-time high amid weak domestic demand and falling revenue, data showed on Thursday.
S. Korea warns of household debt growth, calls for additional regulations
Seoul, March 13: Recent deregulatory moves in the property market and easing of banks' lending rules could stoke household debts, making it necessary for authorities to consider additional measures to ensure financial stability, the central bank said on Thursday.
China's lending practices push Maldives toward sovereign default
Athens, March 13: The Maldives is grappling with a mounting debt crisis that threatens its economic sovereignty, as foreign exchange reserves dwindle to precarious levels while substantial debt repayments loom.
Cong calls MP govt's Budget for 2025-26 as 'karz ka budget"
Bhopal, March 12: Chief Minister Mohan Yadav-led BJP government, on Wednesday, presented its estimated state Budget of Rs 4.21 lakh crore, calling it a vision document for "Viksit (developed) Madhya Pradesh" on Wednesday, the Opposition Congress called it as "karz ka budget" (budget of debt).
SEBI issues warning letter to IIFL Capital over debt securities due diligence
Mumbai, March 11: The Securities and Exchange Board of India (SEBI) has issued a regulatory warning to IIFL Capital Services regarding its due diligence in handling debt securities, the company informed the Indian bourses on Tuesday.
Maha debt stock likely to increase to record Rs 9,32,242 crore in 2025-26
Mumbai, March 10: Maharashtra's public debt stock is expected to increase to Rs 8,39,275 crore which is 18.52 per cent of the gross state domestic product (GSDP) as per the revised estimate for 2024-25. The debt stock would further increase to a record Rs 9,32,242 crore as per the budget estimate for 2025-26 and it would be 18.87 per cent of the GSDP which is below 25 per cent of the limit proposed by the Fiscal Responsibility and Budget Management Act.
Strong corporate balance sheets have laid the foundation for market recovery: Report
Mumbai, March 10: The strong corporate balance sheets of companies in the current cycle lay the foundation for the market recovery, says a report by DSP AMC.
J&K has debt of Rs 1.25 lakh crore: Omar Abdullah
Jammu, March 8: J&K Chief Minister Omar Abdullah said on Saturday in a written reply in the Legislative Assembly that the UT has a debt of Rs 1.25 lakh crores.
Indian corporates need Rs 120 lakh cr debt by FY30 for Capex and working capital: Crisil
New Delhi, March 8: The corporate in India will need to raise about Rs 115-125 lakh crore in debt between FY26 and FY30 to fund capital expenditure (capex), working capital, and the financing needs of non-banking financial companies (NBFCs), according to a report by Crisil.
Maha debt stock to surge to Rs 7.82 lakh crore in FY 25
Mumbai, March 7: Maharashtra's debt stock, which comprises outstanding loans and other liabilities, is expected to increase to Rs 7,82,991 crore in 2024-25 against Rs 7,11,278 crore in 2023-24, an increase of 10 per cent.
Meghalaya CM Conrad K Sagma launches One Time Settlement scheme for consumers of MeECL
Shillong, March 4: Meghalaya Chief Minister Conrad K Sangma on Tuesday launched the One Time Settlement (OTS) scheme for the consumers of Meghalaya Energy Corporation Limited (MeECL) in the presence of Power Minister Abu Taher Mondal.
Sri Lanka gets fourth tranche of bailout package from IMF for economic recovery
Colombo, March 1: The executive board of the International Monetary Fund (IMF) has announced that it has completed the Third Review under the 48-month Extended Fund Facility (EFF) with Sri Lanka, providing the island nation with an immediate access to Special Drawing Rights (SDR) of SDR 254 million (about US $334 million) to support its recovery from the 2022 bankruptcy.
'Misleading' budget will plunge state into debt: Rajasthan LoP
Jaipur, Feb 27: Rajasthan Leader of the Opposition Tika Ram Jully on Thursday strongly criticised the recently presented state budget, calling it dull, misleading, a mirage of figures, and a financial burden that will push the state deeper into debt.
Kerala killings: Frustration over dad's mounting debts led to murder spree by youth
Thiruvananthapuram, Feb 26: Two days after arresting a 23-year-old Kerala youth for killing four of his relatives and also his 22-year-old girlfriend, police revealed on Wednesday that Affan resorted to the horrific crime due to mounting debts accrued by his father.
Sri Lanka lauds India's 'key role' in supporting debt restructuring programme
Colombo, Feb 24: Calling India "a trusted partner", Sri Lankan Foreign Minister Vijitha Herath has once again appreciated the role played by New Delhi over the last many years, including standing by the island nation in time of need and assisting it through the recent economic crisis.
UN chief urges investment, affordable finance to help developing countries meet SDGs
Addis Ababa, Feb 17: United Nations Secretary-General Antonio Guterres urged the need to boost investment and affordable financing for developing countries to help them meet the UN Sustainable Development Goals (SDGs).
Bengal Budget 2025-26: State to end fiscal with Rs 7.72 lakh cr accumulated debt
Kolkata, Feb 12: The West Bengal government will end the financial year 2025-26 with an accumulated debt figure of around Rs 7.72 lakh crore, as indicated in the documents of the state budget for the fiscal under review which was presented by the West Bengal minister of state for finance (independent charge) Chandrima Bhattacharya on the floor of the Assembly on Wednesday.
Pakistan govt's claims of economic stability slammed amid rising external debts
Islamabad, Feb 7: Terming them as "superficial" and "far from reality", Pakistan Tehreek-e-Insaf (PTI) leader Shaukat Yousafzai has rejected claims made by the federal government led by Prime Minister Shehbaz Sharif about the country sailing smoothly towards economic stability.
India's debt to decline to 50-51% if it maintains a nominal growth rate of 10.5 %: SBI Funds
New Delhi, February 6: If India maintains a nominal growth rate of 10.5 per cent its fiscal deficit is expected to reduce to 4 per cent of GDP in the next financial year (FY26), according to a report by SBI Funds.
Technical debt India's key tech challenge towards $1 trillion digital economy goal by 2030: CAST CEO
New Delhi, Jan 27: Global software intelligence leader CAST on Monday said that it believes technical debt is India’s most pressing tech challenge in its pursuit of becoming a global technology powerhouse.
Odisha tops Fiscal Health Index by NITI Aayog, praised for effective Debt management and Revenue Mobilization
New Delhi, January 25: Odisha has emerged as the top performer in the country for fiscal health in the Financial Year 2022-23, according to the recently released Fiscal Health Index (FHI) by NITI Aayog.
RBI introduces revised framework for ARC-borrower settlements
Mumbai, January 20: The Reserve Bank of India (RBI) has issued revised guidelines for the settlement of dues payable by borrowers to Asset Reconstruction Companies (ARCs) on Monday (January 20), and to take immediate effect.
Union budget may see fiscal consolidation but rural, welfare and subsidies may go up: Goldman Sachs Report
New Delhi, January 13: With the Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.
Higher indebtedness and wealth effect have increased inequality: Report
New Delhi, January 10: Household (HH) debts have gone up due to increased financial inclusion amid increased wealth because of increased investments in real estate and equities according to a recent report 'India Strategy' by DAM Capital."due to increasing financial penetration.
EXIM Bank raises USD 1 billion through 10-year bond
Mumbai, January 7: India Exim Bank has raised USD 1 billion by issuing 10-year bonds in the international market, the bank announced on Tuesday. This makes it the first Indian organisation to issue dollar bonds in 2025.
EXIM Bank raises USD 1 billion through 10-year bond
Mumbai, January 7: India Exim Bank has raised USD 1 billion by issuing 10-year bonds in the international market, the bank announced on Tuesday. This makes it the first Indian organisation to issue dollar bonds in 2025.
DPIIT forms alliance with Stride Ventures to boost India's startup ecosystem and drive global expansion
New Delhi, January 4: The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Stride Ventures, a venture debt firm, to catalyse the growth of Indian startups and widen their global footprint, the firm stated in a release.