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RBI's Rajan explains why the pain in banking sector now is good

Reserve Bank governor Raghuram Rajan said the government has indicated it will support public sector banks. "Finance Minister Arun Jaitley has indicated he will support the public sector banks with capital infusions as needed. Our estimate is that the government support that has been indicated will suffice."

first published: Feb 11, 2016 06:27 pm

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