Bad-Loan Ultimatum in India Sees Default Risk Climb Most in Asia

  • Bank of India’s CDS jumps as spreads widen on dollar bonds
  • RBI has given banks until March 2017 to clean up bad loans

Investors are starting to show nerves over the Reserve Bank of India’s ultimatum for state lenders to clean up their rising pile of bad loans this fiscal year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.