KKR pitches plan to resolve world's highest bad asset ratio

MUMBAI: KKR & Co has proposed a plan to help India’s government clean-up the US$180bil of stressed assets that are weighing on the South Asian nation’s banking system and economy.

Lenders should shift all soured debt above a certain limit to an agency that would be set up by the government and private capital must be used to revive these assets, Sanjay Nayar, chief executive officer for KKR’s India unit said at a Bloomberg private equity forum here last Friday.