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BRIEF-India says bank recapitalisation to be followed by banking reforms
October 24, 2017 / 12:09 PM / a month ago

BRIEF-India says bank recapitalisation to be followed by banking reforms

Oct 24 (Reuters) - India’s finance minister says:

* Recapitalisation of state-owned banks to be followed by series of banking reforms

* Impact of bank recapitalisation plan on fiscal deficit will depend on nature of bonds

* Could spread bank recapitalisation bond issuance over two years (Reporting By Krishna N. Das)

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