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RBI Takes Three Banks Off Corrective Action List

The government said last week, it would inject Rs 48,239 crore into 12 state lenders
The government said last week, it would inject Rs 48,239 crore into 12 state lenders
The Reserve Bank of India (RBI) lifted regulatory constraints on three banks on Tuesday after they received a capital injection from the government. The RBI had imposed lending curbs on 11 state banks over the past few years after their capital ratios fell below minimum requirements and bad loans surged.
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