Corporate debt restructuring

Corporate debt restructuring News

Corporate debt restructuring: 291 accounts for Rs 1,72,463 crore fail

Loan recast packages for over Rs 61,000 crore failed in 12 months ended September 2017.

Gammon lenders start debt to equity swap

Gammon India had announced a major loan restructuring exercise in 2013 under which it would convert debt totalling over Rs 14,800 crore into equity and lenders would be issued shares worth over Rs 4,500 crore.

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Debt bailout: Packages of more than 40 cos worth Rs27K cr fail in FY15

Only 5 firms with debts of Rs1,399 crore managed to exit corporate debt restructuring successfully.

Banks clear Pipavav debt recast just days before closure of CDR window

With banks approving the proposal, the company will get moratorium on repayment, interest rate reduction and fresh working capital.

Debt recast scheme failing, NPAs may cross R30K crore

Troubled cases rise to 121 in four years, bankers fear more to come..

Orchid gets nod for debt recast, sees growth momentum

The restructuring process would be implemented by an appointed monitoring committee of CDR lenders.

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Lanco gets nod to recast over Rs 7,000 crore debt

The CDR plan is only for Lanco Infratech and excludes the group firms.

Bank loan recast has gone 'out of control',says RBI's B Mahapatra

The overall asset restructuring in the banking system has touched Rs 3.25 lakh crore as of June.

‘We’re taking tough stance against those who want to make CDR the easy road’

RK Dubey,chairman and managing director,Canara Bank,says banks are taking a tougher stance against corporate debt restructuring

Higher provisioning for CDR makes banks cautious on new recast proposals

A higher provisioning means banks’ profits will be hit

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