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India’s Bad Debt Is Looking Better To Investors

by nytimes.com posted 1year ago 300 views
Indian banks held about $105 billion in gross nonperforming loans as of Sept. 30, according to the Reserve Bank of India. These vultures are investors looking for opportunities in distressed assets and bad debts. For years they had avoided investing in India, put off by a creakingly slow legal system and a labyrinthine bureaucracy.