3 Point Analysis | Govt may infuse over Rs 28,000 in 7 PSBs

Moneycontrol News

Seven public sector banks (PSBs) may receive a capital infusion of Rs 286 billion through the upcoming tranche of recapitalisation bonds by the end of this month.

 The government had announced a Rs 2.11 trillion recapitalisation plan for PSBs in October 2017. This included a plan to infuse Rs 1.35 trillion through recapitalisation bonds. Last year, the government had infused Rs 880 billion into PSBs and this year so far, the government has injected Rs 229 billion.

Sakshi Batra does a 3 point analysis on whether recapitalisation is a panacea to resolve the key issues dogging Indian banks.