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Govt  may offer more funds to recapitalise PSBs

Govt may offer more funds to recapitalise PSBs

Friday, April 14, 2017, 8:34 AM

The government is open to providing more funds for the recapitalisation of public sector banks than the budgeted Rs.10,000 crore for the current fiscal, should there be a “pressing need” for it, an official source told. Analysts had termed the budgetary allocation for recapitalisation in 2017-18 too low, considering that public sector banks are struggling with massive bad loans.
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