Banks Refusing to Lend Prompt $62 Billion Indian Rescue Deal
A motorcyclist and passenger travel past branches of ICICI Bank Ltd., HDFC Bank Ltd. and Punjab National Bank (PNB) on a near-empty street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Banks Refusing to Lend Prompt $62 Billion Indian Rescue Deal

(Bloomberg) -- India’s battle-scarred bankers are hoarding cash and reluctant to lend to smaller firms, forcing the government to ride to the rescue of millions of companies struggling for survival...
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