MUMBAI -- India's financial institutions are on a fundraising spree via debt instruments and equity offerings, as the new coronavirus pandemic threatens to turn loans into instruments of economic destruction.
Finance
Indian banks build $13bn war chest to battle bad loans
RBI asks lenders for preemptive fundraising as first recession in 41 years looms
Bank employees wait for customers at a loan fair in New Delhi in October 2019. Hit by pandemic, Indian banks are bolstering capital buffers to weather the increase in bad loans. © Reuters
Read Next
Latest on Finance
