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Banks need Rs 91,000 cr capital to sustain 8-9% growth: Ind-Ra

Domestic rating agency believes there is an increasing divide between the large and smaller PSBs

Press Trust of India  |  New Delhi 

Indian banks will require Rs 91,000 crore in tier-1 capital till March 2019 to sustain a minimum annual growth rate of eight to nine per cent, according to a report by India Ratings and Research (Ind-Ra). This includes Rs 20,000 crore of residual tranches from the government's capital infusion in public sector banks under the under 'Indradhanush' programme. The domestic rating agency said it "believes" there is an increasing divide between the large and smaller PSBs, with the former having some access to growth capital, better market valuation, and also some ...

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First Published: Wed, February 15 2017. 17:22 IST
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