In the sentence given below, a portion( a phrase or a group of words) is marked in bold. Choose the best replacement for the part in bold, as per the options given below, to make the sentence meaningful and grammatically correct.

India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could being an indication of fresh strife for its banks.

I. Augur

II. Usurp

III. Apportion