It has been demonstrated that the relaxation given to banks in August 2008 for restructuring of loans helped them and their borrowers to tide over the impact of the global financial crisis. However, the working group observed that there has been an extraordinary rise in the level of restructured “standard” assets, even surpassing the quantum of gross NPAs of the banking sector.
As seen from an updated table below, standard restructured assets continuously exceeded the gross NPAs since 2010:  BIS central bankers’ speeches  1  On top of that a rating agency has estimated that restructured standard assets may increase sharply to reach Rs. 3,25,000 crore by March 2013. Public sector banks bear a disproportionate burden of the restructured loans.