We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Sweaty work out

9 June 2015 By Una Galani

Lenders will now be able to convert debt into a controlling equity stake in failing companies. It sounds like basic capitalism. But in India’s skewed system, the relationship between banks and borrowers is more complex. The central bank’s move is necessary micro-management.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)