Restructured loan of banks to touch Rs 3.25 trillion by Financial Year 2013. CRISIL says loans to state power utilities, construction and infrastructure sectors will contribute majorly to rise.
The agency, which in April had estimated the loan restructuring to touch Rs 2 trillion by March 2013, said loans to the state power utilities (SPUs) and the construction and infrastructure sectors will contribute majorly to the rise.
The agency’s senior director Pawan Agrawal said the SPUs will alone contribute a half of the restructuring at Rs 1.5 trillion, as they are increasingly finding it difficult to raise unsecured short-term loans from banks in the current situation to refinance debt obligations.
Developers in the infrastructure and construction sectors are facing trouble raising adequate equity in a timely manner, which is straining their balance sheets, he said.