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IMF: Weak banks, corporates leave India vulnerable

| | WASHINGTON

The IMF on Wednesday said a combination of weak banks and corporates leaves India vulnerable to a tightening in the global financial conditions, as it pressed for more steps to ensure good capitalisation in public sector banks. A recent study, according to IMF  Financial Counsellor Tobias Adrian, showed that Indian banking sector was vulnerable given that large segments have low profitability and have large problem loans.

 
 
 
 
 

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