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KM Financial Solutions | UPDATE 1-India approves $32.4 billion state bank recapitalization plan
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UPDATE 1-India approves $32.4 billion state bank recapitalization plan

23 Oct UPDATE 1-India approves $32.4 billion state bank recapitalization plan

Posted at 12:14h in News by
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NEW DELHI, Oct 24 (Reuters) – The Indian government approved
on Tuesday a state bank recapitalization plan of 2.11 trillion
rupees ($32.43 billion) over the next two years, in a bid to
clean banks’ books and revive investment in a slowing economy.

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