Soundara Kumar

Bankers want promoters to pledge more equity for CDR

Bankers want promoters to pledge more equity for CDRBankers in the country are gathering to discuss the new corporate debt restructuring (CDR) regulations and have urged the promoters should pledge more equity for CDR.

The banks offer extension of repayment period, decreases the interest rate and also convert short-term working capital loans into longer tenure term loans when the companies are unable to pay back their borrowings under the CDR. They have urged corporate not to misuse the new regulations.



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