Diamond Jewelers, Gold Coins and the Paradox of Indian Banking

Many of India’s state-owned banks are in trouble. This month the government is injecting $13 billion to help these banks offload non-performing loans. By 2020, the total cost of injections is projected to rise to $21 billion, about 1.3% of GDP. It seems like an odd time for...

Source: Loomis Sayles Blog - LandScape
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