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Some banks recast debt outside CDR framework
June 13, 2013June 13, 2013by In Infrastructure Finance

Some banks recast debt outside CDR framework

According to a study by CARE Research, some banks are restructuring the debt of their borrowers through bilateral negotiation without referring the cases to the corporate debt restructuring (CDR) cell. The study found that out of the Rs 177,333 crore outstanding restructured advances of 10 large banks, only Rs 58,366 crore worth of loans were referred to the CDR cell