Bear Stearns Current Affairs, GK & News

KKR & Co. India’s first Foreign-Owned Asset Reconstruction Company (ARC)

US buyout giant Kohlberg Kravis Roberts (KKR) & Co. has become the first foreign investor to fully own an Asset Reconstruction Company (ARC) in India as it received approval from the Reserve Bank of India (RBI) at a time when lenders are fighting with a pile of bad loans that have crippled their businesses. KKR ..