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Bad loan clean-up takes toll on state banks’ earnings

Tuesday, February 9, 2016, 8:41
This news item was posted in Business category and has 0 Comments so far.

By Devidutta Tripathy

MUMBAI (Reuters) – Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third

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