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Receipt of the funds depends on completion of a first progress report, or evaluation, of the economy that has been drawn out for the past nine months and has stalled over lender disagreement.
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Too-big-to-fail foreign banks might be keen to take over lenders in India.
The Belgium, Dutch and Luxembourg governments had to inject $16.3 billion into Fortis (see "Fortis Pulled Back From The Brink"), and the British government moved to take over mortgage lender Bradford & Bingley.
Just as inflation favors borrowers over lenders, deflation favors lenders over borrowers.
America's overhang of housing inventory may get worse if concerns over lenders' foreclosure processes jam up sales.
A replacement initiative known as Small Loan Advantage has been considered too cumbersome, at least until recently, to win over lenders.
Prime Minister Gordon Brown announced earlier this week a new bailout for the British financial system that increased government control over lenders, saying it would offer banks insurance on troubled assets.
Tougher regulation The government will announce this month who will research what further controls, if any, should be exerted over lenders.
European leaders were expected to hail the breakthrough, which gives the European Central Bank the leading supervisory role over lenders, as a sign they are taking concrete steps to maintain the viability of the euro.
But as the furor grows over lenders' attempts to bypass legal rules in their haste to reclaim houses from delinquent owners, there is a growing expectation that foreclosures will dwindle for months as the foreclosure system is reworked.
They agreed to bind national banking systems together, so that debtor countries can call on the resources of strong ones if banks falter, and creditor countries can exercise control over lenders before they get into trouble.
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CEO of Professional Science Editing for Scientists @ prosciediting.com