BANKING AFFAIRS

Detailed explanation-1: -Corporate Debt Restructuring (“CDR”) is typically a voluntary framework, under which financial institutions and banks restructure the debt of companies facing financial difficulties due to various factors, in order to provide support at the right time for such businesses.

Detailed explanation-2: -The constant default rate (CDR) refers to the percentage of mortgages within a pool of loans for which the mortgagors have fallen more than 90 days behind. The CDR is a measure used to analyze losses within mortgage-backed securities (MBS).

Detailed explanation-3: -CDR Assessment Group is a globally recognized assessment, leadership development, and talent management firm leading the way with cutting-edge tools, executive coaching, consulting, team development, research, custom leadership training, and coaches’ certification services.

Detailed explanation-4: -BIFR or Board for Industrial & Financial Reconstruction is the body working under Government of India, Ministry of Finance, and Department of Economic Affairs for Industrial & Financial Reconstruction of sick industrial units.

Detailed explanation-5: -The CDR mechanism is aimed for restructuring of debt availed by large borrowers having exposure of a hundred million rupees and above by banks and institutions. The financial exposure covered is both fund-based and non-fund based.