A sign stands outside the North Block of the Central Secretariat building, which houses the Ministries of Finance and Home Affairs, in New Delhi, India (Photographer: Prashanth Vishwanathan/Bloomberg)

India Tells State-Run Bank Chiefs To Check Bad Loan-Related Frauds Or Face Action

In a stern warning to bankers, the Finance Ministry asked chief executives of public-sector lenders to check all bad-loan accounts exceeding Rs 50 crore for fraud or they could face criminal conspi...