Grab What You Can in India’s Bad-Loan Melee
A vendor counts Indian rupee banknotes at a vegetable wholesale market in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Grab What You Can in India’s Bad-Loan Melee

(Bloomberg Opinion) -- Snatch-and-grab is the new hallmark of Indian finance. As a banker friend in Mumbai put it to me only half-jokingly, a unit of "grabbed" cash collateral in hand is worth more...
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.