Infrastructure companies like Gammon and HCC in a bind as government agencies bar CDR casesDebt-laden infrastructure companies have been barred from bidding for projects worth over Rs 25,000 crore by government agencies in seven s...
Surya Pharma CDR fails; bankers to start recovery processAccording to sources with direct knowledge of the development, the company's promoters failed to bring the required Rs 85 crore for the deb...
Gammon India referred to CDR, Tulip Telecom's CDR approvedGammon India has been referred to the CDR cell for its debt of Rs 9,000 cr, while Tulip has got restructuring proposal for debt of Rs 2,200...
India Inc sought debt restructuring for 126 cases in 2012RBI had helped set up CDR system in 2001 to help the corporates facing financial difficulties due to "factors beyond their control and due ...
- Corporate debt restructuring cases in India rises, crosses 100-mark in 2012
The number of corporate debt restructuring cases in India since the beginning of 2012 has crossed the century-mark.
Twenty-five corporates complete CDR, to exit CDR cellCompanies like Nitin Spinners, Nagarjuna Fertilizers, India Cements and Gujarat Road and Infrastructure Company (GRICL) have completed the ...
- Corporate Debt Restructuring system biased towards privileged customers: RBI Deputy Governor KC Chakrabarty
The CDR process followed by banks, especially state-run lenders, is "biased towards more privileged customers", says RBI Deputy Governor KC...
- Wockhardt completes restructuring; to exit CDR cell this quarter
According to sources close to the development, Wockhardt has successfully completed its CDR exercise and it will be exiting the CDR cell th...
CDR norms tightened; to get tougher on promotersAccording to a source with direct knowledge of the development, an in-principle approval has already been given to the new norms suggested ...
- PowerMin's Rs 2 lakh cr CDR plan for discoms has banks worried
During the just concluded quarter, the banking sector has seen the quantum of restructured loans rising over fivefold to Rs 20,040 crore, u...
- Corporate debt restructuring up 3-fold at Rs 68,000 crore in FY'12
A record number of 87 cases with an aggregate debt of about Rs 68,000 crore were referred for Corporate Debt Restructuring (CDR) last fisca...
- CDR revamp on cards, banks want promoters to bring 25% capital
According to reports, already loans worth over Rs 60,000 crore have gone for CDR last fiscal, a rise of a whopping 156 per cent from a year...
- Bankers meeting today to end misuse of debt restructurings
The meeting is "to redefine the acceptable parameters for restructuring of borrowers' debts under corporate debt restructuring (CDR)", a no...
- Bank CEOs still swear by debt recast cell
Bank CEOs have shot down the proposal to wind up the Corporate Debt Restructuring (CDR) forum - a forum set up by banks to resolve bad loan...
- Debt rap
Wilful defaulters can't recast loans with existing lenders.
- RBI allows lenders to recast 'doubtful' loans
The Reserve Bank of India (RBI) has allowed lenders to restructure loans of even those borrowers whose loans were classified as doubtful as...
- RBI revises CDR guidelines
Reserve Bank of India has revised the corporate debt restructuring guidelines granting lenders an option to exit from the package by sellin...