2019: The year Indian tycoons faced bankruptcies, jail and even death

Indian banks wrote off a record $39 billion of loans in the 18 months through Sept in a bid to repair their balance sheets as they battled the world’s worst bad debt pile. A shadow banking crisis led to a funding squeeze making it worse. Some popular names are Anil Ambani, Malvinder & Shivinder Singh, Shashikant & Ravikant Ruia, VG Siddhartha, Naresh Goyal etc.

from Times of India https://ift.tt/2QzNlEo