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Patel's war on delinquent Indian borrowers gets boost from Modi
India amends law to give the central bank power to spur lenders and borrowers to take write-downs
Published Mon, May 8, 2017 · 09:50 PM
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Mumbai
RESERVE Bank of India governor Urjit Patel has been given the ammunition to finish a war that his predecessor Raghuram Rajan started - the fight to eliminate US$180 billion of stressed assets.
After at least three proposals to …
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