India Asks Reserve Bank to Identify Lenders That Can Be Merged
Finance Minister Arun Jaitley with Reserve Bank of India Governor Urjit Patel in New Delhi on February 11, 2017. (Photograph: PIB)

India Asks Reserve Bank to Identify Lenders That Can Be Merged

(Bloomberg) -- India has asked its central bank to prepare a list of candidates for merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt, peo...
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