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Blackstone set to Sell India ARC to Former Exec

Blackstone, the worlds largest alternative assets manager, is exiting the distressed assets space in India by selling its controlling interest in a high-profile, six-year-old joint venture that includes Tata group, HDFC Bank and ICICI Bank. Mathew Cyriac, former PE co-head for Blackstone India, has emerged as frontrunner to buy a controlling 51% in IARC, said people in the know.

Blackstone: Former Blackstone executive Mathew Cyriac set to buy ex-firm s 51% stake in International ARC

Loan-recovery agents or bullies? Inside the dark underbelly of Indian banking

The feared loan recovery agent is back‚ sending borrowers scurrying for cover. A BT investigation gives a ringside view of the dark underbelly of the consumer loan recovery business and the regulatory gaps that they exploit

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