Rally in Indian Bank Debt Under Threat on Higher Defaults
A motorcyclist and passenger travel past branches of ICICI Bank Ltd., HDFC Bank Ltd. and Punjab National Bank (PNB) on a near-empty street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rally in Indian Bank Debt Under Threat on Higher Defaults

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(Bloomberg) -- A rally in the debt of Indian banks is running up against concern they’ll need to take on greater risks as the world’s worst bad debt pile is set to weaken further.
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