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India to inject $3.4 billion in state banks to revive credit growth

India to inject $3.4 billion in state banks to revive credit growth

India will inject 229.15 billion rupees ($3.41 billion) in 13 state-run banks to help shore up the cash-strapped lenders and revive loan growth that has hit a two-decade low.

Credit growth to fall to 15-year low in FY14: BofA-ML

Bank of America-Merrill Lynch (BofA-ML) Tuesday said loan growth of Indian banks will fall to a 15-year-low of less than 13 percent in the current fiscal.

Loan growth at 27% in Sept: Bank of Baroda

Public sector lender Bank of Baroda today said it has witnessed a 27 per cent growth in loans in September against the same period last year.