India Banks on a New Stimulus Plan

India Banks on a New Stimulus Plan
AP Photo/Mark Lennihan

By Xander Snyder India's central government is taking a bigger role in managing the country's financial system through a new stimulus plan that will inject cash into banks and infrastructure. Because of a growing number of nonperforming loans, over the past several years, India's banks have struggled with both profitability and capital adequacy. NPLs, however, …

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