Narendra Modi’s reforms to target bank funding

........A growing asset-liability mismatch in the Indian banking system and the need to ensure a steady flow of long-term capital for the infrastructure sector have pushed officials to consider reforms to the use of senior bonds as a bank funding tool, the people said. Details of the measures are still under negotiation ahead of the 10 July Union Budget statement, but the discussions ongoing within the finance ministry underline the new government’s determination to address the failings of India’s banking system.......................

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