Debt restructuring cases hit all time high in Jan

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