Bloomberg – India Empowers RBI to Resolve World’s Worst Bad Debt Problem

India has tried to tackle it’s ‘bad’ debt problem in the past to prevent it from further weighing on growth. RBI aims to resolve the 60 worst cases in the next 9 months.

May 5, 2017

‘India‚Äôs financial regulator will gain new powers to order banks to clean up as much as $180 billion of soured loans on their balance sheets, which has been choking credit and weighing on growth.’

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