Secondary loan mkt may completely change India's banking landscape: Experts

In India, there is a well established secondary market for stressed loans

The report of the task force on secondary loan market for India could completely change the banking landscape in the country for better, if taken seriously and implemented properly, but it also runs the risk of being another report such as those on developing the bond market in India that never implemented fully.

The recommendations of the latest report, released by the Reserve Bank of India (RBI) on Tuesday are “ahead of its time,” say experts, but are doable and the way forward. 

“In India, they have not been able to develop a serious secondary market for corporate bonds. It is difficult