The CDRM was reviewed recently by a Special Group and we expect to bring out, in a couple of weeks, the revised operational guidelines for improvements in the CDRM to make the restructuring smoother for genuine cases. Another area of common interest to the banks and the corporates is the risk management.
The lenders and investors have an obvious interest in accurately assessing a firm’s risk-management performance, apart from its underlying financials, so as to understand the risks assumed by the firm and those it has hedged or transferred to others.