India to Spend $12 Billion by March on Bad Loan Clean Up
A customer holds Indian rupee banknotes at the P.N. Gadgil Jewellers Pvt. flagship jewelry store in Pune, India. (Photographer: Dhiraj Singh/Bloomberg)

India to Spend $12 Billion by March on Bad Loan Clean Up

(Bloomberg) -- India will infuse 830 billion rupees into state-run banks by March as Prime Minister Narendra Modi races to clean up a sector that’s saddled with a mountain of bad debt and boost eco...
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