Deutsche Bank to set up asset reconstruction unit in India

Deutsche Bank to set up asset reconstruction unit in India

A logo sits illuminated on Deutsche Bank AG headquarters office building in Frankfurt, Germany, on Monday, Nov. 6, 2017. Photographer: Krisztian Bocsi/Bloomberg

Deutsche Bank AG. is setting up a unit in India to buy and reorganize soured debt as it seeks to profit from an unprecedented bad-loan clean up in the nation with one of the world’s worst non-performing loan ratios, people familiar with the matter said.

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