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.
As Fed Chair, Jerome Powell, recently stated “we now understand better how little we understand about inflation.” I believe that the succession of ever-increasing inflation numbers is shortly coming to an end. A steady deceleration is about to begin. Among other things, my view is based on an assumed moderation in energy and commodity price increases and a gradual easing of the supply bottlenecks.