Debt recasts for 2013 hit record Rs 74,000 crore

Loans worth Rs 74,000 crore for 77 customers have been recast by the corporate debt restructuring (CDR) cell in the 12 months to December 2013, the largest amount reworked in any year. In December alone, the cell restructured six accounts worth R10,121 crore, including Lanco Infratech’s R7,324 crore, a senior banker said.

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