A total of 84 loan applications went to the cell against just 10 in 2008. Of the 84, 44 cases worth around Rs 390 bn were approved in FY12. What is more, loan applications of Rs 227 bn are coming up for restructuring approval in the April to June quarter. The Air India bailout itself may have come as a relief to many bankers. For that too would have dealt a heavy blow in the event of non restructuring. Having said that, even with interest rates cooling off a bit we do not see India Inc's debt woes going off in a hurry.
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