In India's $210 bn stressed assets, Deutsche Bank sees a credit bonanza

The bank plans to team up with other firms to arrange financing for Indian debtors

Deutsche Bank AG, which is in the throes of a global restructuring involving thousands of job cuts, is zeroing in on an Asian market where an unprecedented bad-loan clean-up offers the potential for a credit bonanza.

In India, where bankruptcy law changes have injected urgency into efforts to restructure $210 billion of stressed assets, Deutsche Bank sees an opportunity to generate outsized returns by refinancing and trading debt, according to Amit Khattar, Asia-Pacific co-head of global credit trading. Khattar is considering adding to his team.

“For India, this is where we think the greatest alpha lies for our credit and financing businesses