Economics
Frustrated Modi Leaves India Loan Bankers Idle as Plans on Hold
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Indian companies are on a go slow, leaving loan bankers idle.
Syndicated lending fell 8 percent in the second quarter from the previous three months to $1.1 billion, set for the lowest volume since the period ended September 2013. Borrowers have put expansion plans on hold, waiting for Prime Minister Narendra Modi to deliver on growth-boosting legal changes.