ABG Ship in hot water as loan recast cell defers throwing lifeline

Mar 15 2014, 01:23 IST
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ABG Shipyard’s Rs 11,500-cr debt recast was put on hold by the corporate debt restructuring cell on Friday. PTI ABG Shipyard’s Rs 11,500-cr debt recast was put on hold by the corporate debt restructuring cell on Friday. PTI
SummaryABG Shipyard’s Rs 11,500-cr debt recast was put on hold by the corporate debt restructuring cell.

300 crore.

Between January and December, the value of loans recast was close to Rs 74,000 crore while the value of loans referred crossed Rs 1 lakh crore. Given the slowdown in the economy, bankers believe many more customers will need help to tide over the situation. They anticipate at least Rs 15,000-20,000 crore will be restructured before March.

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