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Indian government keen to speed up stake sale in four banks: Sources

Updated : August 18, 2020 04:24 PM IST

Last month, Reuters reported India was looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to just five as part of an overhaul of the banking industry.
The move to privatise banks also comes ahead of an anticipated surge in bad loan growth at the lenders, which could force the government to inject fresh funds to bail out state-run lenders.
Indian government keen to speed up stake sale in four banks: Sources

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