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India's banks must lend more and invest less - opinion
August 08, 2012
The country’s lenders should be forced to sell excess government bond holdings and use the freed-up capital to cut the base rate on loans, aid struggling businesses and increase transparency over their non-performing loans.
India’s central bank and its largest commercial bank are embroiled in a spat. At the centre of it is the ownership of government bonds.
In the name of lowering lending rates and improving market liquidity, the Reserve Bank of...
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