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Tag: loan

Debenhams to 'carefully consider' Ashley loan offer

Debenhams to 'carefully consider' Ashley loan offer

Business
By James Sillars, business reporter Debenhams says it will give "careful consideration" to Mike Ashley's offer of a £150m conditional loan under his attempted coup.The struggling department store chain, which is in advanced talks with its banks on a rival £150m refinancing, cautioned that any loan from the tycoon's Sports Direct empire would also require the agreement of its own lenders and bondholders. Mr Ashley, who is the largest shareholder in Debenhams, last week called an investor vote to remove most of the board and install himself as chief executive.He fired several further shots in his battle to take personal charge on Wednesday.One was the offer of a £150m loan - interest free - but only if Mr Ashley is handed the top job. ...
Charlie Colkett: Aston Villa targeting loan deal for Chelsea starlet but rivalled by Ostersunds

Charlie Colkett: Aston Villa targeting loan deal for Chelsea starlet but rivalled by Ostersunds

Sports
transfer report The 22-year-old midfielder joined Shrewsbury last summer but had his loan deal cut short in December Chelsea starlet Charlie Colkett is being tracked by Aston Villa who want to sign the young midfielder on loan with the view of a permanent deal. Villa are battling Swedish side Ostersunds for the 22-year-old, according to The Mirror, with a tug-of-war set to ensue between the two clubs. Colkett, the England youth international, was part of the Chelsea academy side which recorded back-to-back wins in both the UEFA Youth League and FA Youth Cup in 2015 and 2016, but he has not kicked on since. Colkett captained Chelsea’s youth side to domestic and European success His loan spells away from the club have not been overly impr...
View: A bad loan farce gets another rerun in India

View: A bad loan farce gets another rerun in India

Finance
by Andy MukherjeeA new year, a new central bank governor. Yet the first salvo to come out of the Reserve Bank of India’s policy arsenal in 2019 is encouragement of good old “extend and pretend” lending. Banks and shadow banks are being allowed a one-time restructuring of loans of up to 250 million rupees ($ 3.6 million) to micro, small and medium enterprises that were in default on Jan. 1, without having to mark them as nonperforming, the RBI said on Tuesday. Lenders are being given an extension of 15 months (up to March 31, 2020) to pretend that these stressed loans are standard. All they have to do is to make additional 5 percent loss provisions. By contrast, a secured loan classified as nonperforming attracts immediate provisioning of 15 percent, rising progressively t...
Liverpool transfer news: Sporting Lisbon make approach to take youngster Rafa Camacho on loan in January

Liverpool transfer news: Sporting Lisbon make approach to take youngster Rafa Camacho on loan in January

Sports
CAMACHGO The 18-year-old has progressed well since being promoted to train at Melwood on a permanent basis and was in good form on the Reds' pre-season tour of America Liverpool youngster Rafa Camacho could be on his way back to Sporting Lisbon after the Portuguese club reportedly made an approach to sign him on loan in January. Camacho, 18, has made excellent progress since being promoted to train at Melwood on a permanent basis and impressed during the Reds’ pre-season tour of America. Camacho in action for Liverpool against Manchester City in the International Champions Cup last summer He has also played a huge role in the club’s UEFA Youth League campaign. And according to the Liverpool Echo, Sporting have enquired about ...
All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report

All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report

Finance
MUMBAI: The 11 state-run banks, which are under the Reserve Bank's prompt corrective action (PCA) framework, has seen a 400 basis points increase in their share of retail loans at 19 percent of the system in the four years ending September 2018, says a report. The Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulatory tolerance levels. But the present data is for the period between March 2015 when their retail share was only from 15 percent and September 2018 when it rose to 19 percent, according to American brokerage Jefferies. A report by the brokerage said Friday it is often misreported that banks under PCA aren't allowed to grow (gross loans have indeed fallen 10 percent since March 2015). "Yet their re...