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Fitch sees 881b-rupee bank bailout easing India downgrade woes

Outlook on Indian banks may be revised this year to stable from negative once govt begins infusing cash

Mumbai

PRESSURE on the ratings of India's state-owned banks is set to ease after the government unveiled plans to inject 881 billion rupees (S$18 billion) of fresh capital to help the lenders meet looming Basel norms without hurting a nascent recovery in credit growth.

"The large

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