India To Pump 10 Billion Dollars Into Government Banks

India To Pump 10 Billion Dollars Into  Government Banks

India said Friday it would pump in nearly 10 billion dollars into government banks to ease a liquidity crunch in Asia’s third-largest economy, as it goes through its worst slowdown in five years. “We are releasing 70,000 crore ($9.7 billion) upfront into public sector banks…. This will benefit all corporate and retail borrowers,” Finance Minister […]