What India's state bank woes mean for infrastructure boom

Confidence in India’s 21 state banks plummets as five request further government assistance to the tune of $1.3 billion. Will this curb India’s ambitious building plans?

What India's state bank woes mean for infrastructure boom

India's state banks have their begging bowls out again, less than a year after the government approved a $32 billion bailout.

Five of the country's 21 state-owned banks this week requested urgent cash injections as they seek to meet regulatory capital requirements, the Ministry of Finance said on Wednesday.

For investors, the health of the state banks or lack of it is of crucial importance as the government of Prime Minister Narendra...

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