MUMBAI : Market regulator Sebi’s new framework which enables trading in defaulted debt is likely to create a distressed bond market in India potentially allowing asset management companies among others to return money to investors faster, said industry experts. While there is a market for stressed bank loans in India, where several large global distressed funds and Asset Reconstruction Companies ( ARCs) are active, industry experts maintain that the move to allow trading of default category debt papers and bonds will allow sellers such as mutual funds to exit exposures faster to return money to investors.
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