India needs a realistic debt restructuring framework

By | July 23, 2015|Financial Policy|

By Mandar Kagade, Analyst, Bharti Institute of Public Policy, ISB The Reserve Bank of India (RBI) recently announced the Strategic Debt Restructuring (SDR) scheme in furtherance to the framework for revitalizing distressed assets in the economy that was notified in February this year. The SDR scheme empowers a group of lenders (called the joint lenders’ [...]