Delayed Bank Recap Key To India’s Pre-Covid  Slowdown, Shows New Research
The counters in the banking hall of the state-owned Punjab National Bank in New Delhi, India. (Photographer: Sondeep Shankar/Bloomberg News)

Delayed Bank Recap Key To India’s Pre-Covid Slowdown, Shows New Research

Financial sector crises leave a long tail. That much has now been long proven. As such when India went into a clean-up of bank balance sheets, it was anticipated that the impact would play out over...
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