Loans bankers hope for Modi-fication of borrowing rules
Narendra Modi’s decisive victory in the race to become India’s next prime minister led to a jubilant rally in the equities market and a sharp tightening in bonds. Loans bankers now hope to get their own taste of the euphoria — in the form of a vigorous loosening of the restrictions on offshore debt that would help ease the way for more borrowers to raise US dollar loans, writes Rashmi Kumar
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