India: Kotak Mahindra Bank’s Phoenix ARC plans to buy large-sized bad debt

India: Kotak Mahindra Bank’s Phoenix ARC plans to buy large-sized bad debt

Photo: Pradeep Gaur/ Mint

Kotak Mahindra Bank Ltd-promoted asset reconstruction company Phoenix ARC Pvt. Ltd, which has so far bought bad loans from small and medium enterprises, has decided to tap large corporate loans, a top company executive said.

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