At this point the only allocation they have for capital infusion in public sector banks is the Rs 14,000 crore in the Budget.
Since their bank's base is small the credit growth in percentage terms appears to be large. So, the credit growth for the bank will remain above industry but will moderate to 16-18 percent in FY14, says CVR Rajendran, ED, Bank of Maharashtra.
Global rating agency Fitch on Friday said that public sector banks will have to mobilise as much as USD 40 billion in additional equity capital over and above their retained earnings to meet the Basel III capital norms
Financial service provider Bajaj Finserv proposed to raise Rs 750 crore as an additional capital in the coming months as part of growth plans, a top company official said today.