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State-Run Indian Banks Must Raise Salaries to Compete, Business Line Says

By Pratik Parija -

India’s state-run banks must raise salaries of employees to help them compete with private lenders, the Hindu Business Line reported, citing Duvvuri Subbarao, governor of the nation’s central bank.

To contact the reporter on this story: Pratik Parija in New Delhi at pparija@bloomberg.net

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