Modi Tackles $117 Billion of Bad Debt by Easing Rules for Buyers

  • Asset reconstruction companies can have single investor now
  • KKR, Edelweiss, JM Financial say move to help ARCs raise funds

Facing a daunting 8 trillion rupees ($117 billion) of stressed assets in its financial system, India is stepping up efforts to tackle an issue that is threatening to derail Prime Minister Narendra Modi’s development agenda.

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