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India may form holding company for its bank stakes

State-controlled lenders have historically been less capitalised than privately owned peers

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Mr Rajan wants the internationalisation of India's banking system while enhancing the capital base.

Mumbai

INDIA is considering a demand for a holding company for the government's stakes in 27 state-owned banks, a move that may make it easier to raise capital as they struggle with the lowest profitability in at least nine years.

"We will take a decision at a later stage," Finance

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