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Rs 10,000 cr recapitalisation for PSBs in FY'18 enough: Vinod Rai

About the concept of bad bank, Rai said much can be argued on both sides

Press Trust of India  |  New Delhi 

Capital infusion of Rs 10,000 crore for public sector banks earmarked for 2017-18 may be enough and government may also go for rights issue to inject more money, Banks Board Bureau (BBB) chief and ex-CAG Vinod Rai said on Thursday. "It (Rs 10,000 crore capital infusion) should be enough, because government would probably be going for rights issue also. So, the Rs 10,000 crore will be able to leverage much more from the market," Rai told reporters at the sidelines of the launch of a new Bandhan Bank branch in Delhi on Thursday. He was responding to a query on whether Rs ...

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Rs 10,000 cr recapitalisation for PSBs in FY'18 enough: Vinod Rai

About the concept of bad bank, Rai said much can be argued on both sides

About the concept of bad bank, Rai said much can be argued on both sides Capital infusion of Rs 10,000 crore for public sector banks earmarked for 2017-18 may be enough and government may also go for rights issue to inject more money, Banks Board Bureau (BBB) chief and ex-CAG Vinod Rai said on Thursday. "It (Rs 10,000 crore capital infusion) should be enough, because government would probably be going for rights issue also. So, the Rs 10,000 crore will be able to leverage much more from the market," Rai told reporters at the sidelines of the launch of a new Bandhan Bank branch in Delhi on Thursday. He was responding to a query on whether Rs ... image
Business Standard
177 22

Rs 10,000 cr recapitalisation for PSBs in FY'18 enough: Vinod Rai

About the concept of bad bank, Rai said much can be argued on both sides

Capital infusion of Rs 10,000 crore for public sector banks earmarked for 2017-18 may be enough and government may also go for rights issue to inject more money, Banks Board Bureau (BBB) chief and ex-CAG Vinod Rai said on Thursday. "It (Rs 10,000 crore capital infusion) should be enough, because government would probably be going for rights issue also. So, the Rs 10,000 crore will be able to leverage much more from the market," Rai told reporters at the sidelines of the launch of a new Bandhan Bank branch in Delhi on Thursday. He was responding to a query on whether Rs ...

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Business Standard
177 22