Debt recasts for 2013 hit record Rs 74,000 crore

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In Dec, six accounts worth Rs 10,121 cr were restructured , including Lanco Infratech’s Rs 7,324 cr. Express In Dec, six accounts worth Rs 10,121 cr were restructured , including Lanco Infratech’s Rs 7,324 cr. Express
SummaryIn Dec, six accounts worth Rs 10,121 cr were restructured , including Lanco Infratech’s Rs 7,324 cr

a big chunk of loans being reworked.

In the FSR, the central bank noted that RBI had provided regulatory forbearance in classification of standard assets which were restructured through the CDR cell, thereby allowing banks to escape higher provisioning for such accounts. The regulatory concern regarding restructuring arises from the possibility of the relaxations not being used judiciously by banks commensurate with the viability of projects. These relaxations for asset classification and provisioning will be phased out by April 1, 2015.

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