Germany's Deutsche Bank is setting up a bad-loan buying unit in India

BofA is yet to make a final decision on setting up an ARC and may choose not to go ahead with the plan

Deutsche Bank AG is setting up a unit in India to buy and reorganise 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. 

The German bank felt the need to have its own asset reconstruction company to buy and reorganise non-performing credit as current Indian rules restrict overseas investors from buying soured loans directly from lenders in the country, the people said, asking not be identified as the information isn’t public. Bank of America Corp. is also considering setting up