Restructuring Cell

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  Centre Gives Approval For Restructuring Of Army Headquarters

  Defence Minister Rajnath Singh has approved the first batch of reforms in the Army including relocation of 206 officers from the Army headquarters, setting up of a separate vigilance cell and forming an umbrella organisation to focus on human rights issues.

• Banks to Release Rs 650 Crore to ABG Shipyard Soon Under CDR Deal

  The Surat-headquartered company is confident of successfully getting out of the corporate debt restructuring cell in two years, its executive director and chief financial officer Dhananjay Datar told reporters here late last evening.

• Orchid Pharma's debt restructuring proposal approved by CDR cell

  The Corporate Debt Restructuring Empowered Group (CDR EG) has approved Orchid Chemicals and Pharmaceuticals' debt restructuring proposal, the pharma company said on Friday.

• Arshiya International in talks with banks to recast debt: sources

  The company may also consider approaching the corporate debt restructuring cell for the recast, the sources added.

• Deccan Chronicle Board approves resolution on debt rejig

  Deccan Chronicle Holdings today said its board has passed a resolution on asking Corporate Debt Restructuring cell to rejig its existing debt.

• RBI panel seeks tighter norms for loan recast

  Banks should set aside five per cent of total assets for standard loans that are restructured, said RBI.

• Banks worried about Rs 2 lakh cr debt recast plan for power utilities

  Corporate debt restructuring (CDR), which has already seen a fivefold jump in Q1 of the fiscal, is set to break new records with the Centre planning to recommend a whopping Rs 2 lakh crore debt of highly-stressed state power utilities to the CDR cell. During the just concluded quarter, the banking sector has seen the quantum of restructured loans r...

• 5 facts on why corporate debt restructuring is worrying

  Loans worth Rs 19,000 crore were referred for corporate debt restructuring in the first quarter of 2012-13, data released on Wednesday showed, 30 per cent higher than the previous quarter. As many as 37 accounts were referred to the CDR cell during this period. Here are five observations the agency makes.

• Deadbeat corporate borrowers? Not in India

  Banks are providing additional loans to stressed borrowers to enable them to repay existing loans.

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  Nokia to cut 4,000 jobs, 300 in India

  Nokia said on Wednesday that it would cut 4,000 jobs worldwide by the end of 2012

• Debt restructuring in FY13 hits mid-size public sector banks

  The debt crisis in Indian banking continues, with loans over Rs4,400 crore referred for corporate debt restructuring until May 2012.

• India's corporate debt restructuring hits record high

  Indian banks sought to restructure $12 billion (Rs 64,356 crore, at Friday’s rates) in corporate loans in the fiscal year that ended in March, up 156 percent from a year earlier, industry data showed, as slowing economic growth proved a drag on borrowers' ability to repay their debts. Debt restructuring through the Corporate Debt Restructuring Ce...

• India Inc struggles with debt repayment; bad loans to surge

  Indian industry seems to be facing a crisis of repayments, if the growth in quantum of debt being sought to be restructured is any indication. The Corporate Debt Restructuring (CDR) cell is now looking at over Rs 75,000 crore of corporate debt to be restructured in fiscal 2012, more than three times the Rs 25,000 crore in fiscal 2011, data from the...

• Wanbury Ltd - Corporate Debt Restructuring Proposal approved by Corporate Debt Restructuring Cell

  Wanbury Ltd has informed BSE that the Corporate Debt Restructuring Proposal of the Company has been approved by Corporate Debt Restructuring Cell vide its letter dated May 23, 2011.