Broad Peak, Brescon plan to invest $300 m in Indian bad loan market - Business News: Latest News & Videos about market and economy | Trendmergers

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Broad Peak, Brescon plan to invest $300 m in Indian bad loan market

​​The strategic partnership is coming at a time when experts believe that the stressed asset situation in India will get more complicated. Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency CRISIL said in October.

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