A mountain of bad loans sitting on the balance sheets of state-run banks is choking India's economic prospects, fuelling calls for decisive policy move from New Delhi to put the country’s ailing state lender back to a strong footing.
Foreign investors, meanwhile, are excited at the prospect of acquiring bargain assets by seizing credit opportunities among India's $154 billion of soured loans.
They typically partner with a local securities firm in India to set up an asset reconstruction company as a way to work out the problem loans, or have a local team on the ground to source deals directly.
“We’re spending a...
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