Indian NPAs: Solvency strikes
With a series of highly publicized bankruptcy proceedings, government efforts to rein in India’s non-performing assets may finally be paying off. Investors expect a wave of turnaround opportunities
By ordering the 12 largest distressed borrowers into insolvency proceedings last year, the Reserve Bank of India (RBI) kicked off the first major public test of the country’s new Insolvency and Bankruptcy...
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