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Nifty Future Tips : Banks opt for offbeat tactics to tackle $49 bn of bad debts

Discussion in 'Stock Market News & Analysis' started by Anik singh, Jul 23, 2015.

  1. Anik singh

    Anik singh New Member

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    Mumbai: Under pressure to do more to cut a $49 billion mountain of bad debt, India`s state-owned banks are reversing years of lax recovery efforts, naming and shaming smaller borrowers and even using big TV screens at shopping malls to advertise seized assets for sale.
     
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