India's bank deal helps growth but protects the budget
The government's 2.1-trillion-rupee banking recapitalisation will gradually raise lending and demand for credit
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In this article
- Deteriorating balance sheets
- PSBs hit disproportionately
- Need for recapitalisation
- Basel III looming
- Rescue
- Impact
- Budget
- Short term
- Medium term
- Investor confidence
- Indradhanush
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_350.jpg "A woman walks past the Reserve Bank of India head office in Mumbai, India (Reuters/Shailesh Andrade)")