Nisha Poddar from CNBC TV18 in conversation with an expert panel on regulatory and other challenges impacting flow of foreign capital towards creation of secondary debt markets and acquisition of stressed assets. Panelists included Nishchal Joshipura (Partner, Nishith Desai & Associates), Bhavin Shah (Partner, PwC) and Ashish Khandelia (Founder, Certus Capital).
Given the extent of non-performing assets with Indian banks and the liquidity crunch being faced by non-banks, it’s critical to remove the hurdles and simplify the regulatory regime for foreign investment in Indian secondary debt market, both performing and non-performing segments. Panel discussed practical issues faced in such transactions, potential solutions and the recommendations of a recently constituted Reserve Bank of India Task Force on this subject.