India plans $10 billion bank recapitalisation

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India plans $10 billion bank recapitalisation, help for shadow lenders

By Parveen Kumar on July 6, 2019 • ( Leave a comment )

MUMBAI/NEW DELHI – The Indian government on Friday announced a fresh capital infusion of about $10 billion into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost lending and revive the economy. India’s economy has sagged in the past year partly because […]