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India loan paralysis to stay as RBI's calls to spur lending fall on deaf ears

Loans grew just 10.7% in the 12 months through Jan 23 as banks focus on surging bad debts, falling capital buffers

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Mr Rajan has cut the statutory liquidity ratio to 21.5% from 22% at the Feb 3 policy meeting

Mumbai

INDIAN central bank governor Raghuram Rajan's calls to spur lending seem to be falling on deaf ears as banks focus on surging bad debts and falling capital buffers.

Loans grew 10.7 per cent in the 12 months through Jan 23, near the 9.7 per cent pace seen in September, which

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