Posted inIndia, South Asia

Bad loans: India’s RBI to crack the whip on erring banks

India’s banking regulator is expected to take action against more state-owned banks for their ballooning bad loans. The Reserve Bank of India has already barred Dena Bank under its prompt corrective action (PCA) framework from further lending and hiring. The RBI is expected to take similar action against four more banks currently under its PCA […]

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