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India banks using offbeat ploys to tackle US$49b of bad debts

Friday, July 24, 2015 - 05:50

Mumbai

UNDER pressure to do more to cut a US$49 billion mountain of bad debt, India's state-owned banks are reversing years of lax recovery efforts, naming and shaming smaller borrowers and even using big TV screens at shopping malls to advertise seized assets for sale.

India's bad

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