The revival plans of banks to recover their funds stuck with stressed borrowers dont seem to be working with corporate debt restructuring (CDR) packages of 264 borrowers worth Rs 1,25,093 crore of loans failing and turning into bad assets. Of this as much loans aggregating Rs 42,000 crore of 62 corporates under the CDR mechanism failed during the 12-month period ended December 2016. In all, corporate debt restructuring of Rs 75,000 crore involving 109 borrowal accounts has failed in the last two years, raising the suspicion that these loans were really non-performing assets (NPAs) which were …
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