India Central Bank Surprises by Reversing Debt Revamp Stance
Shaktikanta Das, governor of the Reserve Bank of India. (Photographer: Kiyoshi Ota/Bloomberg)

India Central Bank Surprises by Reversing Debt Revamp Stance

(Bloomberg) -- India’s central bank will permit lenders to restructure stressed loans to small companies, breaking from a five-year-old policy of eschewing sweeping corporate debt overhauls.
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