Government-controlled banks are estimated to hold 90 per cent of non-performing loans, and 11 of the 21 are operating under an emergency programme, supervised by the RBI, which restricts new lending. The government has been battling for years to clean up its banks — which have the highest bad-loan ratio, after Italy, among the world’s 10 largest economies.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MCrn4d
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