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Deutsche Bank Targets India Credit Vacuum Left by Bad Loans

Chanyaporn Chanjaroen, David Yong
Deutsche Bank Targets India Credit Vacuum Left by Bad Loans

Deutsche Bank AG, which is in the throes of a global restructuring involving thousands of job cuts, is zeroing in on an Asian market where an unprecedented bad-loan clean-up offers the potential for a credit bonanza. In India, where bankruptcy law changes have injected urgency into efforts to restructure $210 billion of stressed assets, Deutsche Bank sees an opportunity to generate outsized returns by refinancing and trading debt, according to Amit Khattar, Asia-Pacific co-head of global credit trading. Khattar is considering adding to his team.