We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Biting the bullet

24 Oct 2017 By Una Galani

New Delhi is finally tackling state lenders’ bad debts. Clever financing through “recap bonds” should reduce the strain on the public purse and soak up banks’ idle cash. The final amount may need to be higher, but the recapitalisation should help revive India’s flagging economy.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)