2.3 lakh crore as on March 31, 2012. It also notes that around 40-50% of banking sector exposure to the power sector may need to be restructured. The report goes on to state that the gross NPAs are likely to cross Rs 2 lakh crore and reach 3.6-3.8% of gross advances as on March 31, 2013, up from 2.8% as on March 31, 2012.
As many as 15-20% of the new cases being referred to the CDR cell are cases seeking a second admission into the CDR cell. A second round of restructuring generally occurs when the first round of restructuring fails to help the company tide through its debt woes. Therefore, it requires further moratorium and debt infusion to revive the business.
Including loans previously restructured bilaterally between banks and corporates (outside the CDR cell), this would raise the tally of cases seeking second restructuring much higher. A recent note from brokerage firm Prabhudas Lilladher, which emerged after a meeting with the CDR cell states that a large proportion (greater than 50%) of the incremental cases being referred now are second restructuring cases.