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India Prepares Reform Roadmap for Ailing State Banks

India's top bankers have gathered in the western city of Pune in a one-of-a-kind huddle to discuss long-pending reforms vital to improving the health of ailing public sector banks in Asia's third-largest economy. The country's more than two dozen inefficient state-run banks have been constrained by a pile of bad loans and corporate governance issues. They also lag their private sector rivals in profitability. For years, political interference and union opposition have...

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