If the plan is finalized, the government will need to amend a law to enable it to sell majority control in state-run banks. (Photographer: Sondeep Shankar/Bloomberg News)

India Mulls Selling Control in Some Weak Banks

(Bloomberg) -- India is considering selling controlling stakes in some of the smaller state-run banks in a bid to raise funds to boost spending on programs for the poor, people with knowledge of th...

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