Moneycontrol
Oct 26, 2017 10:52 AM IST | Source: CNBC-TV18

Expect resolution for stressed assets to come soon: Canara Bank

In an interview to CNBC-TV18, Rakesh Sharma, MD & CEO of Canara Bank spoke about the mega recapitalisation plan.

CNBC TV18 @moneycontrolcom

The centre earlier this week approved Rs 2.11 lakh crore bank recapitalisation plan. The scheme includes infusion of Rs 1.35 lakh crore via bank recapitalisation bonds and Rs 76,000 crore from budgetary support and market loans.

In an interview to CNBC-TV18, Rakesh Sharma, MD & CEO of Canara Bank spoke about the mega recapitalisation plan.

As on June 30th our capital adequacy ratio was at 12.6 percent, so we are adequately capitalised, said Sharma. However, will need some growth capital, he added.

He further said that we will analyse various options and decide on how much capital we want to raise.

He expects resolution for stressed assets to start coming soon.

Watch accompanying video for more details.
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