what is strategic debt restructuring scheme
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Under SDR, banks who have given loans to a corporate borrower gets the right to convert the full or part of their loans into equity shares in the loan taken company.
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Under SDR, banks who have given loans to a corporate borrower gets the right to convert the full or part of their loans into equity shares in the loan taken company.
The SDR scheme which was introduced by the RBI in June 2015 thus helps banks recover their loans by taking control of the distressed listed companies.
The SDR gives banks more power in the management of the company who has taken loan and has defaulted. The RBI has modified the scheme later to give a correct shape.
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