Government addressing banks' bad loans issue: Modi

October 2015
Day After;10/20/2015, p10
The article reports that Indian Prime Minister Narendra Modi said on October 19, 2015 that the government would allocate 70,000 Rupees crore in public sector banks (PSBs) in the near future. Topics covered include how the Indian government has launched a series of banking reforms such as re-capitalisation of PSU banks and changes in the rules for hiring executives as well as paper-less transactions to deal with the problem of black money.


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