Rating agency, CARE said that loan restructuring will peak at Rs 3.12 lakh crore during the next fiscal if the proposed Reserve Bank guidelines are accepted without any alterations.

CARE said in a note, "If the draft RBI guidelines on restructured accounts are implemented as it is, it will prompt banks to carry out most of the restructuring in pipeline during the fourth quarter of this fiscal and through next fiscal in an attempt to upgrade fresh restructured accounts by the end of FY15 and to avoid incremental provisioning of 1.25 per cent".

The report says that there will be new loan restructuring worth Rs 57,782 crore which will make the total restructure loan book to Rs 3, 12,022 crore by next financial year (2013-2014).

According to the drafted RBI guidelines on provisioning for standard restructured accounts, banks would be asked to set aside 3.75 per cent for each of the restructured accounts in next fiscal and will be further increased to 5 per cent in FY15.

Presently, provisioning requirement stands at 2.75 per cent and it was 2 per cent till last October.