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

A bad bank in India that’s expected to launch this month may help reduce one of the world’s worst bad-loan piles but market participants say it’s a long path ahead. The new institution, which is set to start operations by the end of June, is likely to handle stressed debt worth Rs 2 lakh crore ($27 billion) over time, according to a report.

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