BofA Seeks Rule Change to Quicken India's Bad-Loan Clean-Up
The Bank of America Corp. logo is displayed in front of a branch in Galveston, Texas, U.S. (Photographer: Scott Eells/Bloomberg)

BofA Seeks Rule Change to Quicken India's Bad-Loan Clean-Up

(Bloomberg) -- India’s distressed debt market is being hobbled by rules that bar foreign funds from directly buying up bank loans, according to Bank of America Corp.
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