Page 2 - Kapil Singhal News Today

Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world’s most tantalising emerging markets. Rocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost Rs 1,516 crore ($207 million) in the final nine months of 2019, wiping out ...

How financial giant KKR’s big bet on lending in India went from boom to bust It has been a steep fall from grace for US financial giant KKR which extended about $800 mn of loans at its peak and was set to launch an India IPO. A+ Mumbai: Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the world’s most ta...

Synopsis Rocked by the shadow-banking crisis that began rippling through India’s financial system 2 1/2 years ago, KKR’s local credit unit lost 15.16 billion rupees ($207 million) in the final nine months of 2019, wiping out nearly 40 per cent of its capital. Agencies When viewed in the context of KKR’s global business -- the firm oversees $234 billion worldwide, including about $75 billion in credit investments -- the losses suffered by the India unit are modest. Few asset managers hav...

Steep Fall From Grace For KKRs Big Bet On India Credit After a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investors in one of the worlds most tantalizing emerging markets Updated: January 28, 2021 6:25 pm IST Few asset managers have enjoyed more success in the riskier corners of credit than KKR & Co. But after a decade-long attempt to wring big returns from India, the Wall Street titan has become a cautionary tale for investor...