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BRIEF-S&P says India's planned capital boosts for public sector banks will help tackle balance-sheet problems
October 26, 2017 / 2:31 AM / a month ago

BRIEF-S&P says India's planned capital boosts for public sector banks will help tackle balance-sheet problems

Oct 25 (Reuters) -

* S&P says India’s planned capital boosts for public sector banks will help tackle balance-sheet problems

* S&P says Indian government’s recapitalization plan for public banks will have positive implications

* S&P says Indian government’s proposed capital infusions step will help to address banks’ bloated balance sheets, which are partly constraining economy‍​

* S&P says "believe the government's efforts should enable banks to take necessary 'haircuts' on their corporate nonperforming assets" Source: bit.ly/2lgKd3X

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