Twists and turns in DHFL bankruptcy shows pain involved in India's banking rescue

Twists and turns in DHFL bankruptcy shows pain involved in India's banking rescue

Photo: Pradeep Gaur/Mint

After years of trying, making India’s broken banks whole is still very much like pulling teeth. The twists and turns in the $12 billion bankruptcy of a housing finance company show how challenging it may be for the country to nurse its post-pandemic financial system to health.