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Rajan's bank headache to linger as ICICI and Axis spark debt angst

Mr Rajan started the national audit to force banks to set aside more cash to cover write-offs.


INVESTORS who anticipated that India's central bank governor Raghuram Rajan would bring order to a bad-debt-plagued banking system by now are being forced to ratchet back those expectations.

Results from ICICI Bank and Axis Bank two weeks ago and comments from their top...

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