Cabinet approves Rs 2 lakh crore PSB capitalisation plan: FinMin
October 24, 2017 17:24
Department of Financial Services secretary explains Centres plan to strengthen Indian banking sector. Excerpts:
- The Cabinet has approved an unprecedented Public Sector Bnak capitalisation plan of Rs 2,11,000 crores.
- Various capital infusion measures taken by the government to ensure health of Public Sector Banks.
- Increased provisioning done by PSBs to cover expected losses, improving banks health.
- Post systematic Asset Quality Review, stressed assets have been recognised as Non-Performing Assets.
Public Sector Banks will catalyse private investments.
Press Information Bureau of India.
- The Cabinet has approved an unprecedented Public Sector Bnak capitalisation plan of Rs 2,11,000 crores.
- Various capital infusion measures taken by the government to ensure health of Public Sector Banks.
- Increased provisioning done by PSBs to cover expected losses, improving banks health.
- Post systematic Asset Quality Review, stressed assets have been recognised as Non-Performing Assets.
Public Sector Banks will catalyse private investments.
Press Information Bureau of India.
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