Policy changes boost confidence in Indian banks

.....Policymakers are stepping up efforts to make lenders more resilient after the Reserve Bank of India warned of increased risks to their stability last month. The return on equity of local banks, a gauge of profitability, fell to 9.6 per cent as of March 31, the lowest since at least 2002, the RBI said in a June 26 report. Earnings shrank as economic growth near a decade-low curbed lending and led to higher provisions for bad loans. Under the new rules for long-term debt offerings, banks may.........

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