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PSU banks plan to raise over Rs 50k crore equity capital in FY19

Sunday, July 8, 2018, 9:13 PM

Public sector banks are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growth and meeting regulatory global risk norms. Capital is very much required for these banks as they are saddled with non-performing assets (NPAs) of about Rs 10 lakh crore. \