Lenders from both public and private sectors ranked higher in the two big loan restructuring cases referred to Corporate Debt Restructuring (CDR) cell in April, 2012: Tayal group of companies (total eight entities) at around Rs 2800 crore and ICOMM Tele, a Hyderabad-based turnkey project solution provider at Rs 1,350 crore.
Banks continue to reel under asset quality pain. In April, the first month of FY13, they have referred around 15 fresh loan recast cases or more than Rs 6,000 crore to the Corporate Debt Restructuring (CDR) cell. Eight Tayal group companies topped the list with loans of over Rs 2,800 crore.