Photographer: Dhiraj Singh/Bloomberg

Bad-Debt Buyers See Good Times as Rajan Cleans Up India's Banks

  • 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.

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