A “From Sale Of Stock” Community Chest card is arranged on a Hasbro Inc. Monopoly board game. (Photographer: Ron Antonelli/Bloomberg)
India’s asset reconstruction companies, entities which buy soured loans from banks for recoveries, have had limited success and more specialised firms should be let in to speed up resolution of bad debt. That’s according to Srini Sriniwasan, managing director, Kotak Investment Advisors Ltd., which runs the Kotak Special Situation Fund - it also invests in stressed assets.Sriniwasan’s comments come at a time when the Reserve Bank of I...