No More Lies: An Ultimatum for India's Banks
Urjit Patel, governor of the Reserve Bank of India (RBI), attends a news conference. (Photographer: Dhiraj Singh/Bloomberg)

No More Lies: An Ultimatum for India's Banks

(Bloomberg Gadfly) -- The Indian central bank is shutting down its halfway houses for debt addicts. In the process, it’s also throwing out an infuriating alphabet soup: CDR, SDR, S4A and their ilk.
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