Posted inIndia, South Asia

India’s ailing state banks get another lifeline

The Indian government has decided to inject 482 billion rupees (about US$6.8 billion) into 12 ailing state banks to improve their balance sheets. Most of the banks are currently under the prompt corrective action (PCA) framework formulated by the Reserve Bank of India due to their weak financial position. The recapitalization will be done via […]

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