Published:
India's struggling banks could be forced to merge with rivals
That is if their capital levels fall below the new standard issued by the central bank.
According to Bloomberg, India’s banks, staggering under the world’s highest bad-asset ratio, may be pushed to wind up or combine with rivals if their capital levels fall below set ratios under new guidelines issued by the country’s central bank.
The new framework would apply to all banks operating in India, including foreign lenders, according to a document posted Thursday on the Reserve Bank of India’s website.
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