India pushes state banks to find own funding sources after $32 billion bailout

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asia's third-biggest economy. These lenders also account for close to 90 percent of soured loans in the banking sector. A massive $32 billion bailout package for India’s dominant state-run banks will not happen again and lenders will have to find their own funding…