About $10 billion is set to flow into India after New Delhi proposed setting up independent asset management companies (AMCs) to quickly resolve bad assets, stoking interest among global financing experts. With India’s lending industry battling to extricate $210 billion stuck in bad loans, global financiers anticipate significant business potential in a sensitive pocket of banking that has fallen short of achieving the desired targets, hamstrung by protracted litigations. If dedicated AMCs were in place for such assets, potential buyers or investors would get the platform to secure assets without having to worry about prolonged legal processes.

(Economic Times)