Modi’s Bank Bailouts May Distract Focus From Growth Slump
Narendra Modi, India’s prime minister, waves after delivering a speech during an event celebrating the nation’s Independence Day at Red Fort in New Delhi. (Photographer: T. Narayan/Bloomberg)

Modi’s Bank Bailouts May Distract Focus From Growth Slump

(Bloomberg) -- India’s biggest bank overhaul in decades may hurt the nation’s bad loan clean-up and slow the lending approvals needed to reverse its economic slump.
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