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Forced insolvencies to help Indian bank avoid huge haircuts

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Doggone, no dodging: Punjab National Bank, India's second-largest state-run lender, stands to avoid massive losses after the government forced delinquent borrowers to repay loans or face liquidation proceedings under a new law.

New Delhi

PUNJAB National Bank, India's second-largest state-run lender, will be able to avoid massive losses after the government forced delinquent borrowers to repay loans or face liquidation proceedings under a new law.

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