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Bailout of public sector banks stumbles as losses mount

Updated : May 25, 2018 06:40 PM IST

The 21 state lenders hold two-thirds of India's banking assets, and accounted for the bulk of the record $150 billion of soured loans in the banking sector last year.
The banks, which have been blamed for indiscriminate lending to sectors such as metals and power that turned sour, can still be held responsible for much of the balance sheet carnage.
Bailout of public sector banks stumbles as losses mount

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