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This is an archive article published on August 31, 2012

‘FY13 to see loan restructuring rise’

Crisil has estimated that loans restructured will rise to Rs 3.25 lakh crore in the two years.

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Tight funding situation in a market where companies are sitting on high debt is expected to lead to a sharp rise in restructuring of loans by banks.

Crisil has estimated that loans restructured will rise to Rs 3.25 lakh crore in the two years between 2011-12 and 2012-13. The research house has revised its previous estimate of restructured debt by March 2013 from Rs 2 lakh crore.

The report said that loans amounting to Rs 1.6 lakh crore have already been restructured in the financial year 2011-12 and the first quarter of 2012-13.

Crisil said that majority of restructuring will be in loans to the state power utilities,and the construction and infrastructure sectors and the rise in the debt is a result of the significantly higher funding challenges faced by companies with large debt.

Other sectors that the research firm said would witness restructuring includes iron and steel,textiles and engineering.

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