Operational restructuring, an on-going process, includes improvements in efficiency and management, reductions in staff and wages, sales of assets (for example, reduction in subsidiaries), enhanced marketing efforts, and so on, with the expectation of higher profitability and cash flow”. Unquote. 2  BIS central bankers’ speeches  8.
Before I go into the details of the issues involving CDR in India, I will like to elucidate, in brief, the evolution of restructuring. Restructuring of loans and advances is not a new phenomenon in India and terms such as rescheduling / renegotiation / rehabilitation / restructuring have been used interchangeably by the Reserve Bank of India (RBI) and banks since long.