Moneycontrol
Last Updated : Jan 24, 2018 06:54 PM IST | Source: CNBC-TV18

Considering upgrades for some banks on back of recap by government: Crisil Ratings

With a carrot and a stick approach, the government has announced a capital infusion of Rs 88000 crore to PSU banks. The carrot was the fresh money infusion, the stick are the six stern conditions set by the government to banks for future infusion. CNBC-TV18's Latha Venkatesh, caught up with experts to discuss the new fund infusion to the banks and if they will be enough to spring them back to life.

CNBC TV18 @moneycontrolcom

With a carrot and a stick approach, the government has announced a capital infusion of Rs 88000 crore to PSU banks. The carrot was the fresh money infusion, the stick are the six stern conditions set by the government to banks for future infusion--- these include ones like "being friendly" with small and medium companies, better digitisation and being more responsive to customer needs.

CNBC-TV18's Latha Venkatesh, caught up with Krishnan Sitaraman Senior Director Crisil Ratings, R Subramaniakumar MD & CEO, IOB, VG Kannan Chief Executive India Banks' Association, Pawan Kumar Bajaj MD, United Bank of India and Sanjiv Bhasin Exec VP-Markets IIFL to discuss the new fund infusion to the banks and if they will be enough to spring them back to life.

Watch video for more….
First Published on Jan 24, 2018 06:33 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant