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Creditors News

07 Dec 2017

FRDI Bill depositor friendly, provides more protection: FinMin

The statement comes in the wake of "certain misgivings" that appeared in the media about 'bail-in' provisions of the Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill).

27 Jun 2015

Tsipras, addressing parliament, calls for `emphatic no` to creditor proposals

Greek Prime Minister Alexis Tsipras called in a speech to parliament Saturday for an "emphatic no to the ultimatum" issued by the country`s creditors in a bailout referendum proposed by his government for July 5.

27 Jun 2015

Euro slips ahead of crunch weekend in Greece crisis

The euro edged lower Friday ahead of a make-or-break weekend for Greece, with the country under warning to accept the new deal from creditors or be left to default on its debts.

26 Jun 2015

Greece rejects creditors` offer of bailout extension

Greece`s creditors on Friday offered Athens a five-month, 12-billion-euro ($13.4-billion) extension of its bailout programme, but Athens said the offer was unacceptable.

25 Jun 2015

Creditors set bailout ultimatum for defiant Greeks: Source

The lenders had given leftist Prime Minister Alexis Tsipras an ultimatum to come up with a credible reform plan by mid-morning (0900 GMT), saying they would otherwise send their own version to Eurogroup ministers.

25 Jun 2015

Greece, creditors say still no deal ahead of eurozone meeting

Greece and its EU-IMF creditors prepared to submit rival proposals to end a five-month debt row, indicating there was still no deal ahead of a meeting of eurozone finance ministers on Thursday, sources said.

24 Jun 2015

Greece rejects creditors` counter-proposals

Greece rejected Wednesday "counter proposals" from creditors that were issued in response to Athens` latest budgetary plan, in light of the IMF`s position, a government source said.

24 Jun 2015

Alexis Tsipras flies to Brussels to try to bridge gaps with Greece's creditors

Prime Minister Alexis Tsipras flew to Brussels to meet Greece`s international creditors on Wednesday to try to bridge gaps on key elements of the proposals made by his left-wing government to shore up state finances in return for vital loans.

14 Mar 2015

Greek finance minister rules out `accident`, says some radical reforms could wait

Greece`s combative finance minister has ruled out a default "accident" and said the new radical left government could put on hold the implementation of some of its campaign promises to build confidence among its creditors.

14 Mar 2015

Greek finance minister says some election vows can be put off

Greece`s combative finance minister has indicated that Athens` new radical left government is prepared to put some of its campaign promises on hold while it seeks to build confidence among its creditors.

24 Feb 2015

SpiceJet says it has started paying back to it creditors

Budget carrier SpiceJet has started paying back to its creditors with the airline clearing all its dues related to TDS payments following its ownership going back in the hands of the original promoter Ajay Singh.

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