Deals
Deutsche Bank Targets India Credit Vacuum Left by Bad Loans
- Asia credit trading chief has ‘no constraints’ on scaling up
- May add to headcount even as the bank cuts jobs worldwide
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Deutsche Bank AG, which is in the throes of a global restructuring involving thousands of job cuts, is zeroing in on an Asian market where an unprecedented bad-loan clean-up offers the potential for a credit bonanza.
In India, where bankruptcy law changes have injected urgency into efforts to restructure $210 billion of stressed assets, Deutsche Bank sees an opportunity to generate outsized returns by refinancing and trading debt, according to Amit Khattar, Asia-Pacific co-head of global credit trading. Khattar is considering adding to his team.