Restructured loans cross `2.27 trillion; pace slows
Recasts signal gradual improvement in financial health of Indian firms; experts say too early to deem it sustainable
Mumbai: The pace of growth in the restructured loan pile of India’s ₹ 75 trillion banking industry on the so-called corporate debt restructuring (CDR) platform declined in the three months ended March for the first time in four quarters, signalling a gradual improvement in the financial health of Indian companies. Yet, the recovery is too nascent to deem it sustainable, experts say.
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