UPDATE 1-India to inject $3.4 bln in state banks to revive credit growth

July 19, 2016 8:27 AM

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* Funding part of 700 bln-rupee bank recapitalisation plan (Adds details)

NEW DELHI/MUMBAI, July 19 India will inject 229.15 billion rupees ($3.41 billion) in 13 state-run banks to help shore up the cash-strapped lenders and revive loan growth that has hit a two-decade low.

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