Recapitalisation plan: Govt to inject nearly $14 bn into PSU banks by March


India's government pledged on Wednesday to inject nearly $14 billion combined into all but one state-run lender by March in return for them implementing reforms, in a bid to boost lending and tackle a record bad debt problem. The funds will be injected into 20 lenders majority-owned by the government, which together hold most of India's record $150 billion in soured loans.

Lenders with high stressed-asset ratios, such as IDBI Bank, will get a bigger portion of the money. The government last October said it would inject a.

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