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Stressed funds set to make beeline for India on spike in Covid-driven NPAs

Bankers expect bad debt worth $35 bn to be up for grabs, in addition to $110 bn already in the system; Blackrock, SBI Cap, Brookfield eyeing stressed assets

Topics
Stressed firms | SME companies | distressed assets

Dev Chatterjee  |  Mumbai 



Bad debts
The industry is expecting increased bad debt from hospitality, hotels, travel, tourism and airlines.

With bad debt expected to surge — especially from firms in the medium to small segment — in the coming months because of the pandemic, bankers are expecting several stressed funds to set up shop in India.

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First Published: Tue, September 22 2020. 19:52 IST

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