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

Major India Lenders’ Credit Ratings Downgraded to Junk

(Bloomberg) -- Two major Indian lenders slumped in the bond market after their credit ratings were cut to junk by Fitch Ratings, in the latest sign of concerns about the nation’s banks that are bat...

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