India's government seems intent on abandoning good ideas for dealing with the country's banking crisis and encouraging bad ones, a Bloomberg View reported. Perhaps that shouldn't be surprising, given that the bureaucrats don't yet seem to have grappled with the real nature of the problem. The latest terrible proposal for dealing with the bad loans weighing down India's state-owned banks, which control more than two-thirds of deposits, is to create a "bad bank" -- an asset-management company that would take stressed assets off their balance sheets.

China’s central bank has started actively encouraging banks to extend more credit by taking a softer stance on loan quotas, people familiar with the matter said, as authorities ratchet up efforts to bolster a cooling economy, Bloomberg News reported. The People’s Bank of China has delivered the message via so-called window guidance, said the people, who asked not to be named discussing private information. The central bank hasn’t provided specific targets, but it indicated a willingness to be more flexible on banks’ government-imposed lending caps, the people said.

Imran Khan, Pakistan’s former cricket captain and newly elected prime minister, is on a sticky wicket. His victory in last week’s polls was secured in part on a pledge to ramp up spending on public services. Yet the coffers are empty and a balance of payments crisis looms, the Financial Times reported. Instead of the “Islamic welfare state” he hoped to create, his aides are forced to ponder the prospect of an IMF deal. Even that safety net may not be at hand.

For Jaguar Land Rover, the only way out of its deep pothole may be to get a tow from China. The luxury unit of Tata Motors Ltd. posted dismal fiscal first-quarter results Tuesday, recording an unexpected pretax loss of 264 million pounds ($346 million) after running into trouble in many of its main markets, Bloomberg News reported. JLR, usually the profit engine for Tata, effectively wiped out a sharp turnaround at the rest of the Indian company’s business. About half the loss was because of China, where lower margins and declining prices weighed on performance.

South Korea's Korea Electric Power Corp (KEPCO) has lost its preferred bidder status to buy Toshiba's NuGen nuclear project in Britain as Toshiba looks at other alternatives, the Japanese company said on Tuesday. The project in Moorside, northwest England, was expected to provide around 7 percent of Britain's electricity when built, but has faced setbacks after Toshiba's nuclear arm Westinghouse went bankrupt last year, the International New York Times reported on a Reuters story.

A slowing economy and a rumbling trade war are giving officials trying to tame China’s debt reason to be more selective about their targets, not to give up completely, Bloomberg News reported. Less than two years into the broad-based drive to contain credit growth, policy makers are now placing more emphasis on curbing debt at state firms and in parts of the property market. Meanwhile, the vise-grip that’s been causing contraction in the shadow banking sector and at local governments is being eased in the hope of preventing a sudden stop in the economy.

Recent optimism in China’s debt market will soon be put to the test, with investors able to demand early repayment for as much as 544.7 billion yuan ($80 billion) of debt by year-end, Bloomberg News reported. The amount of local bonds with put options that hit trigger points in the coming five months comes to almost 1.4 times the tally from January to July, according to data compiled by Bloomberg.

As the plunging lira weighs on Turkish borrowers, the nation’s banks are proposing a quicker way of resolving loans that turn sour, Bloomberg News reported. In what would be the first such codified rules, the Banks Association of Turkey, which represents non-Islamic lenders, drew up a framework of principles for restructuring loans that exceed 50 million lira ($10.2 million), according to a copy of the document obtained by Bloomberg News. TBB, as the industry group is known, declined to comment.

Japan has, more or less, constantly been in the midst of the most radical monetary policy experiment in modern history since 2012, a Bloomberg View reported. Is it working? It probably depends who you ask.

Delays to the planned sale of Toshiba's NuGen nuclear project in Britain have prompted a review of the roles of 60 direct employees, who are mainly based in Manchester, raising further doubts over its future, the International New York Times reported on a Reuters story. The plant in Moorside, north-west England, was expected to provide around 7 percent of Britain's electricity when built, but has faced several setbacks after Toshiba's nuclear arm Westinghouse went bankrupt last year.