A man walks between cars outside the head office of Allahabad Bank in the BBD Bagh area of Kolkata, West Bengal, India. Photographer: Sanjit Das/Bloomberg

Eleven Banks Under Corrective Action Report Over Rs 10,000 Crore In Q2 Losses

The eleven government-owned banks which are under the Reserve Bank of India’s corrective action framework continue to report large losses, as they slow growth and top-up on provisions against their...

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