Financial Daily from THE HINDU group of publications
Saturday, Sep 20, 2003
Financial Daily from THE HINDU group of publications Saturday, Sep 20, 2003 |
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Money & Banking
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Financial Institutions 77 cases cleared under debt revamp plan Our Bureau
New Delhi , Sept. 19 THE Executive Director, Industrial Development Bank of India (IDBI), Mr J.N. Godbole, has said that the `corporate debt restructuring (CDR) programme initiated by IDBI, other financial institutions and commercial banks has so far approved 48 cases involving Rs 44,622 crore. Addressing members of the Indo-American Chamber of Commerce (IACC), Mr Godbole said that a total of 77 cases involving Rs 55,923 crore had been considered by CDR till date. Of these, 18 cases had been rejected and 11 cases were under various stages of negotiations.
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