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India's laggard state lenders face tough sell on capital-raising plan

Investors are sceptical about prospects, workers worry about loosening govt grip

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SBI, India's biggest lender, is among the better- managed state-run banks but still had a return on assets ratio of only 0.65.

Mumbai

INDIA'S state-run banks face major obstacles in their plans to raise as much as US$60 billion in new capital over the next few years, with investors sceptical about the prospects for most of them and workers wary of the government's grip loosening.

With the tailwind of a

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