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Welcome to the May 08, 2017
bulletin of key policy decisions and high-impact news, presented by the Embassy of India, Washington DC.
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Banks Will Have More Power to Recover Bad Loans
The Government has empowered the Reserve Bank of India (RBI) to recover bad loans. The biggest 40-50 "bad loan" accounts at public sector banks, with an exposure of $150 million or more in each case, may be targeted for resolution as part of the clean-up of non-performing assets in the banking sector.
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