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DHFL resolution bid: A guru and a tycoon feel India’s endless bank salvage pain OakTree Capital founder Howard Marks. Photo: BloombergPremium 4 min read . Updated: 13 Jan 2021, 01:52 PM IST Bloomberg As a battle shapes up around collapsed lender Dewan, central bank stress tests predict non-performing assets in the system could double Share Via Read Full Story After years of trying, making India’s broken banks whole is still very much like pulling teeth. The twists and turns in the $12 billion bankruptcy of a housing finance company shows how challenging it may be for the country ...

View: A guru and a tycoon feel India’s endless bank salvage pain SECTIONS View: A guru and a tycoon feel India’s endless bank salvage painBy Andy Mukherjee, Bloomberg Last Updated: Jan 13, 2021, 12:59 PM IST Share Synopsis The state-dominated lending system’s aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier. The regulator’s latest stress test projects nonperforming assets to jump to 13.5% of loans and advances by September in its baseline scenario, and 14.8% in the worst-case situation, almost doubling from 7.5% a year earlier. ThinkStock Ph...