Friday, August 31, 2012

Corporate loan rejig could soar to Rs 3.25-lakh crore

......At a recent seminar, K. C. Chakrabarty, Deputy Governor, Reserve Bank of India, said the increase in restructuring can be partially attributed to excessive borrowing by some corporates during boom periods. He said there are deficiencies in project appraisal, especially with regard to cash flow analysis and the determination of the date of project completion.

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