Bank Bonds Gain in India as Mergers Set to Boost Credit Profiles
A closed Canara Bank ATM in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

Bank Bonds Gain in India as Mergers Set to Boost Credit Profiles

(Bloomberg) -- Indian state-run banks’ rupee debt is gaining as proposed mergers and capital injection by the government are set to bolster credit profiles of these lenders.
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