RBI's New Year Giveaway May Hurt Credit Culture, Fitch Unit Says
A security guard stands by a Reserve Bank of India (RBI) logo in the RBI building in Mumbai, India. (Photographer: Karen Dias/Bloomberg)

RBI's New Year Giveaway May Hurt Credit Culture, Fitch Unit Says

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(Bloomberg) -- Indian central bank’s decision to allow a one-time restructuring of some loans to small businesses is bound to foster indiscipline among borrowers.
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