Cdr Cell

"Arshiya received letter from Corporate Debt Restructuring Cell (CDR Cell), informing the exit of Arshiya from corporate debt restructuring scheme," says the supply chain infrastructure services provider.

RBI to make Joint lending forum more transparent: Dy Guv

JLF framework outlines a corrective action plan that would incentivise early identification of problem cases, timely restructuring of stressed loan accounts, and taking prompt steps by banks for recovery or sale of unviable accounts.

RBI looking at ways to disseminate info on recast cases

The data on restructuring used to be available from CDR cell. However, post the formation of Joint Lender Forums (JLF) of bankers the data on restructured accounts is no more available

Banks in no rush to restructure loans

Once the guidelines kick in, banks will have to classify stressed assets as bad loans and hence, make higher provisions or a capital buffer which will directly eat into the profits and banks do not seem to be in a hurry to make use of this window of opportunity that is available to them.

CDR cases not falling; steel, power under stress: Bansal

RK Bansal, chairman, CDR Cell says besides the number of cases, the size of cases are also a concern. He does not see reduction in the number of debt restructuring cases immediately, though the September figure suggests the number has not gone up.

CDR cell sees over 50% jump in loan recast requests in Q1

Around Rs 47,359 crore of loans were referred to the corporate debt restructuring (CDR) in just one month, which is over half of what was referred in the last year

ICICI, Axis Bank withdraw from Deccan Chronicle debt recast

Lenders of beleaguered Deccan Chronicle Holdings (DCH) failed to admit the debt restructuring referral in the Corporate Debt Restructuring cell. The lead lender ICICI Bank along with Axis Bank withdrew from drawing a recast scheme, in a meeting held among CDR member banks on Friday.

Deccan may have bent rules while borrowing: Banking sources

One of the big lenders told CNBC-TV18 that Deccan Chronicle may have pledged the same collateral to several lenders.

23 cos to exit CDR cell to put up fresh loan recast cases

Amidst rising number of bad loans, the Corporate Debt Restructuring (CDR) cell has shortlisted around 23 potential companies based on certain parameters for their exits from the forum. Soon, it will hold meetings with their member lenders to chalk out the schemes of exits, a source told moneycontrol.com.

Banks nod Essar Oil's CDR exit but proposal to be reworked

The core group of the CDR (Corporate Debt Restructuring) cell has approved the exit of Essar Oil from the forum in its meeting held on July 29. However, the lenders disagreed with the proposal of exit submitted by the cell. Accordingly, it is re-working the terms and conditions of the exit, sources told moneycontrol.com.

CDR cases to rise in FY13 due to high pressure: Vijaya Bank

Chairman of Vijaya Bank HS Upendra Kamath tells CNBC-TV18 that the high pressure on the system could mean a higher number of corporate debt restructuring cases in FY13.

Pain not yet over: SBI refers 3 cos to CDR for Rs 3430cr

India's largest lender the State Bank of India (SBI) referred three loan accounts including Bharati Shipyard (BS), ARSS Infrastructure and Vijai Electricals (VE) to the Corporate Debt Restructuring (CDR) cell.

CDR: Needs Reinventing?

It is touted as India's most successful Debt Restructuring mechanism, but recent events beg the question – Does the CDR mechanism need reinventing?

SKS Microfin, 5 others urge to restructure debt: Sources

Six MFIs, including SKS has approached the cost debt restructuring (CDR) cell for restructuring their debt, reports CNBC-TV18's Vidhi Godiawala, quoting sources.