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  • FinMin asks banks to have independent CDR oversight panel Jun 07, 2013 09:44 AM IST

    FinMin asks banks to have independent CDR oversight panel

    The proposal comes amidst allegations of banks using corporate debt restructuring (CDR) mechanism - under which the repayment tenor of a loan is delayed - to take care of a borrower's temporary needs in times of stress.

  • Tulip Tele to save interest payment of Rs 250 cr post CDR May 13, 2013 07:25 PM IST

    Tulip Tele to save interest payment of Rs 250 cr post CDR

    Tulip Telecom hopes tosave Rs 250 crore worth of interest post restructuring of debt and hopes to soon reach a settlement with FCCB holders.

  • IOB expects lower NPA going forward: Chairman Apr 29, 2013 06:26 PM IST

    IOB expects lower NPA going forward: Chairman

    Indian Overseas Bank, whose net profit in January-March tumbled 89 percent on year on sharp spike in provision expects the non-performing assets to come down going forward on restructuring of loans.

  • Will banks continue to remain under pressure in FY14? Apr 03, 2013 04:47 PM IST

    Will banks continue to remain under pressure in FY14?

    In an interview to CNBC-TV18, Ananda Bhoumik of India Ratings and Vaibhav Agrawal of Angel Broking spoke about thier outlook on the banking sector and the road ahead.

  • Kamat Hotels to use CDR route to lower debt: CFO Apr 01, 2013 02:14 PM IST

    Kamat Hotels to use CDR route to lower debt: CFO

    Kurian Chandy, CFO, Kamat Hotels, says that the hotel plans to undertake corporate debt restructuring (CDR) programme to lower it debts. The hotel chain is finding it difficult to service its debt due to rise in interest rates and dipping occupancy level.

  • Profitability of Indian banks to dip in FY13: CII Survey Mar 17, 2013 09:19 PM IST

    Profitability of Indian banks to dip in FY13: CII Survey

    Indian banks are yet to get rid of financial bruises. In 2012-13, their profitability is likely to “decline sharply” due to two reasons: stricter regulatory requirements and stress assets, according to a survey done by CII.

  • UP Power to recast loans worth Rs 15000cr under FRP scheme Mar 13, 2013 04:26 PM IST

    UP Power to recast loans worth Rs 15000cr under FRP scheme

    UP Power to recast loans worth Rs 15000 cr under centre's Financial Restructuring Plan.

  • Corporate restructured loans jump 35% in FY13 Mar 12, 2013 09:31 PM IST

    Corporate restructured loans jump 35% in FY13

    The Corporate Debt Restructuring (CDR) cell has seen whopping 35% jump in loans being approved for recast in current fiscal indicating the continuing liquidity tightness among incorporations.

  • Pioneer Emb up 10% ahead of preferential issue approval Mar 12, 2013 02:38 PM IST

    Pioneer Emb up 10% ahead of preferential issue approval

    Pioneer Embroideries gained as much as 10 percent on Tuesday as the board will consider issue of preference shares on Friday.

  • Tulip Telecom up 5% on likely CDR approval Mar 11, 2013 01:58 PM IST

    Tulip Telecom up 5% on likely CDR approval

    Shares of telecom services and IT solutions provider Tulip Telecom were locked at 5 percent upper circuit on Monday after media reports that banks may approve the Rs 1800 crore loan recast package by the end of this month.

  • Suzlon to issue 78.37 cr shares to CDR lenders; stock gains Mar 11, 2013 10:35 AM IST

    Suzlon to issue 78.37 cr shares to CDR lenders; stock gains

    Shares of country's largest wind turbine supplier Suzlon Energy rose more than 3 percent in early trade on Monday as the company said would issue 78.37 crore equity shares at Rs 18.51 a share, on a preferential basis to its CDR (corporate debt restructuring) lenders.

  • Suzlon tanks 44% as promoters sell some stake for CDR Feb 28, 2013 03:09 PM IST

    Suzlon tanks 44% as promoters sell some stake for CDR

    Suzlon Energy, one of the world's largest wind turbine suppliers, fell as much as 44 percent intraday to touch a new 52-week low of Rs 13.55 on Thursday after promoters raised funds for corporate debt restructuring (CDR) via stake sale.

  • Reduced CDR aid; well-provisioned against KFA: United Bank Feb 20, 2013 04:38 PM IST

    Reduced CDR aid; well-provisioned against KFA: United Bank

    Deepak Narang, ED, United Bank of India says that the bank has reduced corporate debt restructuring support to companies with low profitability to curtail the rise of NPLs. The bank is fully provisioned against its exposure to Kingfisher thanks to the RBI‘s permission which allowed the bank to make provisions over two quarters, he told CNBC-TV18.

  • KFA crisis: Is there a need to tighten rescheduling norms? Feb 16, 2013 06:31 PM IST

    KFA crisis: Is there a need to tighten rescheduling norms?

    Besides the banking sector, the economy as a whole has lost in terms of other creditors, like tax authorities, oil companies, airport authorities and of course employees and shareholders.

  • Can bring USD 500m from non-critical assets sale: Suzlon Feb 04, 2013 11:13 AM IST

    Can bring USD 500m from non-critical assets sale: Suzlon

    Debt-laden Suzlon Energy, which last month got formal approval from banks to restructure its loans, says it can raise about USD 0.5 billion from selling non-critical assets. However, Kirti Vagadia, its CFO, maintained that there is no plan to sell its German unit REpower, which is among the fastest growing in the industry.

  • Interest costs in Q3 higher due to CDR package: HCC Feb 01, 2013 05:07 PM IST

    Interest costs in Q3 higher due to CDR package: HCC

    Praveen Sood, Group CFO, Hindustan Construction Company (HCC), says that the company has put special thrust on managing the working capital and this quarter has been good as far as working capital is concerned, as there is no further pressure on the working capital.

  • Check out: Tulsian's view on HDIL, Maruti, Suzlon Jan 25, 2013 05:39 PM IST

    Check out: Tulsian's view on HDIL, Maruti, Suzlon

    In an interview to CNBC-TV18, SP Tulsian, sptulsian.com takes a positive call on Suzlon. "If somebody can keep a view of 2-3 years, it can give a 200-300 percent return, but yes, in the near-term for 2-3 months that stock should settle at about Rs 24-25 with very minimal downside risk from hereon," adds Tulsian.

  • Suzlon's debt restructuring proposal gets formal aproval Jan 24, 2013 04:13 PM IST

    Suzlon's debt restructuring proposal gets formal aproval

    Debt-laden Suzlon Energy on Thursday said that the empowered group of Corporate Debt Restructuring (CDR) Cell has given formal approval to its proposal to restructure domestic debt.

  • Suzlon promoter sells 2% stake to facilitate CDR, shrs fall Dec 26, 2012 12:50 PM IST

    Suzlon promoter sells 2% stake to facilitate CDR, shrs fall

    The promoters of Suzlon Energy, led by chairman Tulsi Tanti, on Wednesday sold 3.75 crore shares amounting to about 2.11 percent stake in the wind turbine maker for Rs 63 crore. This stake sale is to facilitate its corporate debt restructuring admitted by banks last month.

  • This is how Suzlon plans to revive through debt recast Nov 27, 2012 09:14 PM IST

    This is how Suzlon plans to revive through debt recast

    The prospect of revival for the debt-ridden Suzlon Energy brightened. Finally, banks admitted the company's 11,000 crore loans in the corporate debt restructuring (CDR) cell. This means, lenders will now chalk out a final bailout plan in consultation with the management and thereby try normalise its delayed repayment schedules.

  • Lenders admit Suzlon to CDR process, may offer fresh credit Nov 27, 2012 02:41 PM IST

    Lenders admit Suzlon to CDR process, may offer fresh credit

    Lenders have approved debt-ridden wind turbine maker Suzlon Energy to debt restructuring process, and may even offer it a fresh line of credit, sources told moneycontrol.com on Tuesday.

  • See need for greater clarity on debt restructuring: SBI Nov 26, 2012 06:40 PM IST

    See need for greater clarity on debt restructuring: SBI

    The finance minster's insistence on consolidation was not shared by bankers who believe that the sector's top priority remains asset quality. However, in an exclusive interview with SBI Chairman Pratip Chaudhuri, CNBC TV18‘s Gopika Gopakumar said that RBI's rules on debt restructuring are more stringent than global norms in some cases.

  • Recent govt reforms positive; implementation a key: Jalan Nov 23, 2012 12:50 PM IST

    Recent govt reforms positive; implementation a key: Jalan

    Bimal Jalan, former RBI governor, says that currently it is crucial to give investment confidence in the economy and that will boost growth rate.

  • Suzlon moving CDR cell to give lenders time: SBI Nov 07, 2012 07:13 PM IST

    Suzlon moving CDR cell to give lenders time: SBI

    State Bank of India, a major banker for debt-laden Suzlon, today said the wind turbine maker's move to approach corporate debt restructuring cell would give more time for lenders to sort out the issues.

  • SBI and IDBI Bank, 2 largest lenders in Suzlon debt recast Nov 01, 2012 08:28 AM IST

    SBI and IDBI Bank, 2 largest lenders in Suzlon debt recast

    The State Bank of India emerged as the largest lender in Suzlon Energy‘s Rs 13,700 crore debt restructuring case, just referred to the CDR (corporate debt restructuring) cell. With a loan exposure of around Rs 3.610 crore it is the lead bank in a consortium of eight CDR lenders and three non-CDR lenders.

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