PSBs, foreign banks hit by bad loans: RBI
The number of CDR cases since the beginning of this year crossed the century-mark as on September 30, involving a collective debt amount of close to Rs 64,000 crore, as per the data available with the CDR cell of bankers.
Besides, 51 more cases, worth Rs 45,000 crore, have been approved for recast at the end of September quarter.
The CDR cell was set in 2001 to help corporates facing financial difficulties due to "factors beyond their control and due to certain internal reasons."
As per the latest data available with the CDR cell, a total of 466 cases, involving total debt of Rs 2.46 lakh crore , have been referred to it since its inception.
During the first half of the fiscal, as many as 74 cases worth about Rs 40,000 crore were referred to the CDR cell-the highest ever so far.
In the entire last fiscal, there were 87 CDR cases with an aggregate debt of about Rs 68,000 crore referred for CDR.
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