India's capital boost for banks to help clear loans: Kotak Investment Advisors' head

India's capital boost for banks to help clear loans: Kotak Investment Advisors' head

Uday Kotak, chairman of Kotak Mahindra Bank Ltd Photographer: Udit Kulshrestha / Bloomberg via Getty Images

The head of a credit fund under Indian billionaire Uday Kotak’s financial group says the government’s pledge of capital for beleaguered state banks could make it easier for distressed funds to buy loans.

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