India: Govt to infuse $3.4b in 13 public sector banks

India: Govt to infuse $3.4b in 13 public sector banks

Photo: Pradeep Gaur/Mint

State Bank of India and 12 other state-run lenders, struggling with rising bad loans and losses, are set to get Rs.22,915 crore in capital as the government seeks to boost loan growth in Asia’s third-largest economy.

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