A $27 billion pile of debt looms over India’s new bad bank - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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A $27 billion pile of debt looms over India’s new bad bank

The new institution, which is set to start operations by the end of June, is likely to handle stressed debt worth 2 trillion rupees ($27 billion) over time. That would be about a quarter of the nation’s non-performing debt load.

from Stocks-Markets-Economic Times
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