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KS NARAYANAN | New Delhi, November 22, 2013 19:19
Tags : KC Chakrabarty |RBI |CDR |Corporate debt restructurin | |
 

Default on EMI and you will be flooded with a barrage of calls from banks. That rule applies to the aam aadmi and not industrialists. RBI’s senior most deputy governor KC Chakrabarty has said banks have written off a whopping Rs 1 trillion in the past 13 years and criticised lenders because as much as 95 per cent of these write-offs were for large borrowers. Corporate debt restructuring (CDR) numbers have shot up by 250 per cent in two years — from Rs 1,10,000 crore in 2011 to Rs 2,70,000 crore. Some jump that.

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Issue Dated: Feb 5, 2017