Moneycontrol
Last Updated : Jan 25, 2018 11:43 AM IST | Source: CNBC-TV18

Government's recapitalisation plan positive for IDBI Bank, UCO Bank: Edelweiss

The government has announced the details of the Rs 88,000 crore capital infusion plan for 20 public sector banks. In an interview with CNBC-TV18, Kunal Shah of Edelweiss Financial Services shared his views and outlook on the same.

CNBC TV18 @moneycontrolcom

The government has announced the details of the Rs 88,000 crore capital infusion plan for 20 public sector banks. In an interview with CNBC-TV18, Kunal Shah of Edelweiss Financial Services shared his views and outlook on the same.

The overall allocation is more towards prompt correction action (PCA) banks and that would be a good swing for all of them, he said.

It is positive for a few of the banks like IDBI Bank and UCO Bank, he added.

Capital infusion along with the entire resolution process would address the asset quality issues for the system as such, said Shah.

We like State Bank of India (SBI) and Bank of Baroda (BoB), he further mentioned.

For the full interview, watch accompanying video...
First Published on Jan 25, 2018 11:43 am
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