India Has a New Plan to Tackle $140 Billion in Bad Loans
A motorcyclist and passenger travel past branches of ICICI Bank Ltd., HDFC Bank Ltd. and Punjab National Bank on a near-empty street in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India Has a New Plan to Tackle $140 Billion in Bad Loans

(Bloomberg) -- India has rolled out a fresh plan to tackle an old problem: the mountain of bad loans held by its banks. With the pandemic forecast to push soured assets to a two-decade high, Prime ...
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