Stock options, new blood as India's state banks ready for change

March 31, 2015 9:00 PM

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MUMBAI, April 1, (Reuters) - State Bank of India, the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.

India's state banks are under pressure to improve profitability and slash bad loans, creating a more agile sector to help fuel economic growth. For the government and the banks, that has put the focus firmly on one issue: people.

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