3 min read.Updated: 10 May 2016, 01:21 AM ISTLivemint
Strategic Debt Restructuring is proving to have its fair share of problems
Here is what’s common between the fastest growing large economy in the world and its predecessor: Today, both India and China are struggling with balance sheet issues in the corporate sector and have a banking system that is saddled with a large proportion of bad loans. India has gone the way of allowing banks to convert loans into equity. And China is expected to follow a similar approach. But there are problems with this approach.
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