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India to ensure state banks meet minimum capital requirements, says government official

Updated : May 23, 2018 03:38 PM IST

Most state banks have posted big losses in the quarter to March as bad loans surged after the central bank eliminated half a dozen loan restructuring schemes to hasten the clean-up of near-record levels of bad debt in February.
New Delhi will not allow lenders to default under any circumstances, Kumar said even though he maintained that the amount of capitalisation sanctioned by government for banks was sufficient.
India to ensure state banks meet minimum capital requirements, says government official

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