English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesDebt restructuring cases hit all time high in Jan

    Debt restructuring cases hit all time high in Jan

    Even as banks struggle to keep their non-performing assets in check, the number of loan cases referred to Corporate Debt Restructuring cell touched an all-time high since its inception in 2001-02. Till January, 2011-12; banks referred 69 cases for different companies with a total exposure of Rs 52,787 crore, a senior banker told Moneycontrol.com.

    March 01, 2012 / 12:08 IST
     
     
    live
    • bselive
    • nselive
    Volume
    Todays L/H
    More

    Saikat Das
    Moneycontrol.com


    Even as banks struggle to keep their non-performing assets (NPAs) in check, the number of loan cases referred to Corporate Debt Restructuring (CDR) cell touched an all-time high since its inception in 2001-02. Till January, 2011-12; banks referred 69 cases for different companies with a total exposure of Rs 52,787 crore, a senior banker told Moneycontrol.com. In comparison, 49 cases for Rs 25,054 crore of loans were referred to the CDR for the whole of 2010-11. In 2003-04, it had registered 65 cases involving around Rs 19,650 crore loans, the second highest in terms of case numbers.


    It is important to mention that total number of cases registered in a fiscal year also include the
    first published: Feb 29, 2012 03:19 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347