The finance ministry may release the last tranche of Rs 5000 crore for recapitalisation of public sector banks (PSBs) for FY16 next week, sources in the government say. The list of banks is ready and is awaiting the president's nod on the vote-on-account. It has to be done before March 31.
The government is also ready with the draft DRT (Debts Recovery Tribunal) Bill amendments, which will be tabled in the Parliament post Cabinet nod.
Apart from this, the Banks Board Bureau is scheduled to meet in April.
The Rs 25000 crore recap amount for FY17 is also likely to be discussed, whether to disburse the complete amount upfront at the beginning of the financial year or will they be looking at other parameters.
Meanwhile, IDBI Bank valuation report is also likely by tomorrow. The government on its part is not very committal on this front and is not in a rush to go ahead with a stake sale and a lot will depend on valuations. The government is also very clear that Finance Minister Arun Jaitley in the Budget has not said that he will lower the stake below a certain benchmark level. Just that the government is evaluating this option, but no call has been taken.
Other than that, the finance ministry may discuss listing of government-owned general insurers with the Securities and Exchange Board of India (SEBI) soon and put up a policy framework in place.
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