Also Read: Wilful Defaulters To Be Barred From Buying Stressed Assets
(Bloomberg) -- For India, it's a $207 billion mess, a pile-up of bad loans years in the making that's dragging on growth. The country ranks second to Italy for the worst bad loan ratios among the world's top-10 economies. Over the next year, the assets and debts of about 50 of India's biggest defaulters may be sold off by court-appointed professionals, in a process in which banks are expected to take deep haircuts on their loans. To read more, click here.
--With assistance from Anto Antony Candice Zachariahs and George Smith Alexander
To contact the reporter on this story: Adrian Leung in Hong Kong at aleung206@bloomberg.net.
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Marcus Wright at mwright115@bloomberg.net, Philip Lagerkranser
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