Parag Shah, Founder and Partner at Amara Partners MUMBAI / GULF TIME Amara Partners, a ...
Read More »India debt under scrutiny over bankruptcy deadline
Bloomberg A deadline set by India’s central bank to restructure an estimated $52 billion of stressed loans may push dozens more companies into bankruptcy. The Reserve Bank of India in February introduced new rules and a 180-day timeline for banks to recast loans once payments are missed, scrapping previous methods that could take an indefinite amount of time. Companies that ...
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