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CDR referrals touch record Rs 1.09 trillion till December

Last Updated: Thursday, January 09, 2014, 21:05

Banks referred a record Rs 1.09 trillion worth of stressed assets to the corporate debt restructuring (CDR) cell between April and December, exceeding the level of Rs 91,400 crore for all of the previous financial year, an official said today.

Loan recast has gone "out of control": RBI official

Last Updated: Saturday, November 16, 2013, 19:33

"Till March 2011, things were manageable. We had around Rs 1.1 lakh crore in recast loans, but now if you see, things are quite out of control. It has gone up to Rs 2.7 lakh crore," he said at the annual Bancon here.

Bankers defer Rs 7,000-cr CDR plan of Electrosteel

Last Updated: Sunday, July 28, 2013, 18:20

The consortium of 27 banks has deferred plans to recast Rs 7,000-crore loan extended to the troubled Electrosteel Steels due to differences over terms of the proposal, including fresh capital infusion and corporate guarantee that promoters are supposed to bring to the table.

Lanco Infratech to restructure Rs 7,500 crore debt burden

Last Updated: Saturday, July 27, 2013, 17:26

Faced with adverse business conditions, Lanco Infratech is restructuring debt worth Rs 7,500 crore, a company official said on Saturday.

Suzlon implements $1.8 billion debt recast plan

Last Updated: Tuesday, April 23, 2013, 20:56

The completion of the Corporate Debt Restructuring (CDR) package would pave the way for Suzlon to normalise "business operations" and improve overall performance.

Essar Oil completes exit from CDR

Last Updated: Thursday, April 04, 2013, 21:03

India's second-largest private sector refiner said the CDR loan facility has been replaced with a new debt facility of about Rs 9,100 crore on commercial terms from similar group of lenders.

Suzlon Energy gets lenders nod for Rs 9,500 cr CDR plan

Last Updated: Thursday, January 24, 2013, 19:42

Wind energy major Suzlon Thursday said its lenders, comprising 19 banks led by the SBI, have approved its proposal to rejig Rs 9,500 crore of domestic debt, providing a big relief to financially troubled company.

Suzlon's promoters sell 2.11% stake; raises Rs 63 crore

Last Updated: Wednesday, December 26, 2012, 17:03

Suzlon Energy on Wednesday said its promoters have sold shares worth Rs 63 crore as part of corporate debt restructuring mechanism and the funds would be used to reduce liabilities.

Banks' bad loans soar by up to 86% in first half

Last Updated: Sunday, November 18, 2012, 17:49

The sharp rise in bad loans for the banks comes at a time when the number of corporate debt restructuring (CDR) cases has also grown to record-high levels.

Suzlon in talks with lenders for restructuring plans

Last Updated: Tuesday, November 06, 2012, 17:37

Suzlon Energy Ltd., India’s biggest and the world’s fifth largest wind turbine company, has initiated talks with its lenders to restructure its debt.

Corporate debt restructuring cases cross 100-mark in 2012

Last Updated: Monday, November 05, 2012, 16:07

A total of 101 cases have been referred for Corporate Debt Restructuring (CDR) in 2012 as on September 30, involving a collective debt amount of close to Rs 64,000 crore, as per the data available with the CDR cell of bankers.

Bank, realty stocks tumble after RBI leaves rates on hold

Last Updated: Tuesday, October 30, 2012, 14:37

Banking stocks witnessed the steepest hit, with SBI plunging 4.43 percent, while ICICI Bank fell by 2.21 percent.