India's state banks have their begging bowls out again, less than a year after the government approved a $32 billion bailout.
Five of the country's 21 state-owned banks this week requested urgent cash injections as they seek to meet regulatory capital requirements, the Ministry of Finance said on Wednesday.
For investors, the health of the state banks or lack of it is of crucial importance as the government of Prime Minister Narendra Modi seeks to overhaul the country's lagging infrastructure and promote economic development ahead of next year's elections.
“The credit flow for smaller privately backed projects may suffer for the next two to...
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