A man exits an automated teller machine (ATM) booth operated by ICICI Bank Ltd. in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Bank, Axis Bank On The Mend But Pain Still In Store For Yes Bank, Says Macquarie’s Ganapathy

Two of India’s top three private lenders — ICICI Bank Ltd. and Axis Bank Ltd. — are slowly starting to emerge from the shadow of a grueling bad loan cycle, which has now stretched out for nearly fo...

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