Cos tap CDR cell to rejig Rs 52k-cr loans in Apr-Nov

Dec 22 2012, 10:47 IST
Comments 0
SummaryCorporate India’s balance sheets are getting increasingly stressed as companies struggle with the slowdown.

the business.

If one were to include CDR cases previously restructured bilaterally between banks and corporates (outside the CDR cell), this would take the tally of cases seeking second restructuring to much higher levels. A recent note from brokerage firm Prabhudas Lilladher, which emerged after a meeting with the CDR cell, states that a large proportion (greater than 50%) of the incremental cases being referred now are second restructuring cases.

Between its inception in 2001 till the end of this financial year, the CDR cell will have successfully negotiated exits of 80 cases worth over Rs 60,000 crore. While there were 57 exits valued at Rs 43,077 crore till September this year, another 25 cases valued at close to Rs 18,000-20,000 crore are in the exit pipeline for the remaining two quarters of 2012-13.

Single Page Format
Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...