Default Jitters Calm for Indian Lenders on $12 Billion BoostBy and
RBI allowed banks to treat some balance sheet items as equity
India adds about $12 billion in capital to state-run banks
Default risk for Indian banks is dropping after the government promised a fund infusion for state-owned lenders to clear soured loans and the central bank relaxed rules on their capital buffers.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.