Broad Peak joins hands with Brescon to raise $300 million to invest in distressed assets

​​The strategic partnership is coming at a time when experts believe that the stressed asset situation in India will get more complicated. Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency CRISIL said in October.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZbkC0S