Bad-debt pioneer Arcil has sobering advice for India's toxic asset buyers

As local and foreign investors line up to pick bargains out of India’s $207-billion bad loan debacle, one of the country’s most seasoned managers of distressed assets has some sobering advice: Be prepared to stay for the long haul and deal with multiple setbacks.

  “Managing many of these complex assets on a day-to-day basis is going to be very tough, as this is not a market where you can just jump in and out and make money,” said Vinayak Bahuguna, chief executive officer of Asset Reconstruction Company (India).

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