Bad-Debt Buyers See Good Times as Rajan Cleans Up India's BanksBy and
Edelweiss, JM predict record stressed-asset sales this quarter
Incentive to spread losses over time encourages banks to act
India’s biggest buyers of bad loans are predicting record business for the industry this quarter as central bank incentives prod banks to speed up efforts to cut stressed assets.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.