banks recapitalisation
Govt's Rs 2.11 lakh crore-recap plan to tackle NPAs: SBI
On Tuesday, Finance Minister Arun Jaitley unveiled the road map for strengthening of bad loans-hit public sector banks.
CEA bats for mergers in banking sector, says India should have 5-7 large banks
Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.
Banks' recap safeguards India's economic future: Patel
RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.
India's PSU bank recap plan lifts shares, raises questions
Investors welcomed the news, sending shares of SBI up as much as 25 per cent to its highest since January 2015.
Banks' recap: PNB surges 32 per cent, Bank of India 24 and SBI 20 per cent
Also, Andhra Bank was quoting 14.96 per cent higher, Allahabad Bank 12.70 per cent and Syndicate Bank 12.11 per cent.
Capital infusion of PSBs to support credit growth, job creation
According to SBI report Ecowrap, this recapitalisaiton plan will help government to gear-up lending to MUDRA scheme.
Jaitley's 'major announcement' today could mean well for ailing PSU banks
Earlier the Cabinet had decided to set up an Alternative Mechanism to oversee proposals for expeditious consolidation of
Rs 10,000 crore was enough for banks' recap: Vinod Rai
Banks Board Bureau chief govt may also go for rights issue to inject more money into ailing banking sector.