A Bad Loan Farce Gets Another Rerun in India
A cashier counts Indian rupee banknotes in the Byculla area of Mumbai, India, (Photographer: Dhiraj Singh/Bloomberg)

A Bad Loan Farce Gets Another Rerun in India

(Bloomberg Opinion) -- A new year, a new central bank governor. Yet the first salvo to come out of the Reserve Bank of India’s policy arsenal in 2019 is encouragement of good old “extend and preten...
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