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Govt, RBI get cracking on bad loan problem The Reserve Bank of India (RBI) now has the powers to direct banks to initiate bankruptcy proceedings against defaulting companies, and to take decisions on behalf of lenders while dealing with stressed assets, after the President gave his assent
Cognizant to ramp up hiring in US PTI reported, IT company Cognizant expects to significantly ramp up headcount in the US in a bid to woo the Trump administration that has been critical of outsourcing

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