Shree Ganesh Jewellery approaches for CDR

Shree Ganesh Jewellery House (I)., a leading jewellery manufacturing and exporting company has approached the State Bank of India (SBI) in the hope that SBI would place its request for corporate debt restructuring of its debts to the corporate debt restructuring cell, reports say. SBI, the largest lender in India and lead bank of the consortium, met with other members of the consortium on December 20, regards the matter. With CDR, banks allow additional time to repay loans based on some terms and conditions and other concessions, reports add.