Exclusive: Indian government asks banks to provide liquidity support to corporates
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MUMBAI/NEW DELHI (Reuters) - The Indian government has asked all state-owned lenders to extend emergency credit lines to corporate borrowers, three government and banking sources said, as it rushes to tackle the fallout from the coronavirus outbreak that has grounded business across the globe.Banks have been asked to make available an additional 10% in funds over and above sanctioned working capital loans, but not exceeding 2 billion rupees (22.68 million pounds) per loan account as part of the..