Indian government's loan bonanza seen a temporary salve and a long-term pain

Reviving a practice not used in three decades, India's government in September ordered state-run banks to hold more than 400 loan "melas" or fairs across the country over the following month - a measure aimed at boosting economic growth at six-year lows and lending growth at its weakest in three years.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LjVivB