India cbank says clean-up of banks' bad loans on track

August 9, 2016 10:15 AM

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MUMBAI Aug 9 Indian banks' clean-up of bad loans is on track, a central bank deputy governor said on Tuesday, expecting their provision coverage ratio to improve.

"Our sense is that they are very much on the track of the clean-up," Reserve Bank of India Deputy Governor S.S. Mundra told analysts on a conference call after the central bank held key policy rates.

Also read: Top Central Bankers Defend Stimulus Efforts

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