The Economic Times25 Sept 2026, 7:18 pm IST
PC Jeweller clears all bank debt
What happened
- PC Jeweller has paid off all its dues to 14 banks.
- The company previously had a total debt of about Rs 3,000 crore.
- The repayment was completed through a one-time settlement agreement made in September 2024.
Key terms explained
Financial terms from this story, in everyday words.
- one-time settlement
- an agreement where a borrower pays a lump sum to a lender to close a debt for less than the total amount owed
- consortium banks
- a group of different banks that have joined together to provide a loan to a single borrower
Original source
The Economic Times
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