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PSB infusion worth Rs 70,000 crore to push loan growth by 15%: Moody's

Monday, August 26, 2019, 8:59 PM

The government's announcement of an upfront capital infusion of Rs.70,000-crore in public sector banks will enable them to grow loans by around 13-15 per cent in the fiscal year ending March 2020 and will also allow them to meet the final Basel III capital requirements, rating agency Moody's said. "The capital infusion is part of India's government budget for fiscal 2020," said Alka added.

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