Finance Minister Arun Jaitley on
Thursday said the government may infuse Rs 83,000 crore in public sector banks
in the next few months of the current fiscal. Earlier in the day, the
government sought Parliament's approval for infusion of an additional Rs 41,000
crore in the PSBs through the second batch of Supplementary Demands for Grants. This would raise the total
recapitalization in the current fiscal from Rs 65,000 crore to Rs 1.06 lakh
crore. The recapitalization, Jaitley told reporters, will enhance the lending
capacity of state-owned banks and help them come out of the RBI's Prompt
Corrective Action (PCA) framework. Jaitley further said recognition
of non-performing assets in the public-sector banks is complete, and the
decline in bad loans has begun.
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Govt to pump in Rs 83,000 cr in PSBs
By IndianMandarins - 2018-12-21 09:43:57
Finance Minister Arun Jaitley on
Thursday said the government may infuse Rs 83,000 crore in public sector banks
in the next few months of the current fiscal.
Earlier in the day, the government sought Parliament's approval for infusion of an additional Rs 41,000 crore in the PSBs through the second batch of Supplementary Demands for Grants.
This would raise the total recapitalization in the current fiscal from Rs 65,000 crore to Rs 1.06 lakh crore. The recapitalization, Jaitley told reporters, will enhance the lending capacity of state-owned banks and help them come out of the RBI's Prompt Corrective Action (PCA) framework.
Jaitley further said recognition of non-performing assets in the public-sector banks is complete, and the decline in bad loans has begun.
