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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.

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