Stocks In News - S4S (RattanIndia Power)

RattanIndia Power

1. Joint lenders forum has submitted the S4A Scheme to the overseeing committee.
2. Under S4A guidelines, first announced in June, banks were allowed to split the funded liabilities of a stressed company into sustainable and unsustainable debt.
3. The sustainable debt would be left alone to perform or be restructured if necessary, while the unsustainable debt would be converted into equity or equity-like, long-dated securities and redeemed at a later date.
4. The revised norms say in case a non-performing asset (NPA) is restructured under S4A norms, the sustainable part of the debt can be classified as standard if banks set aside provisions equal to at least 50% of the debt classified as unsustainable or 20% of aggregate debt, whichever his higher.