India’s $3.4 Billion Bank Boost Fails to Soothe Credit Investors

  • Capital injection for 13 state-owned banks including SBI
  • CDS costs for SBI, IDBI and BOI have all climbed this week

A pedestrian walks past an IDBI Bank Ltd. automated teller machine (ATM) branch in Jaipur, Rajasthan, India,

Photograph: Sanjit Das/Bloomberg

India’s plan to inject more capital into state-owned banks is doing little to alleviate investor concern that lenders’ credit profiles are deteriorating.

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