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Top lender State Bank of India was among banks which signed the agreement.(Reuters/Picture for representation)

Over 20 banks sign pact for faster resolution of bad loans

By Reuters | Mumbai
PUBLISHED ON JUL 23, 2018 06:55 PM IST
More than 20 Indian lenders on Monday signed a pact aimed at faster resolution of bad loans, officials said, while more could join by the end of the week in what is the latest bid to cut record levels of soured assets in Asia’s third-biggest economy.
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