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Tight-fisted Jaitley offers only promises to debt-ridden banks

Rs 25,000 crore may be too little too less for sick PSBs; consolidation, privatisation of IDBI soon

Anup Roy 

The Union Budget 2016-17 turned out to be a damp squib for banks as the public sector lenders, weighed down by capital-eroding bad debts on their books, did not get any capital injection beyond Rs 25,000 crore announced last year. The government, however, gave a push to consolidation of public sector banks. Finance Minister (FM) Arun Jaitley said the government has started the process of transforming IDBI Bank and will look at bringing down its stake in the bank below 50 per cent, from 80.16 per cent now. Read our full coverage on Union Budget 2016   The Bank Board ...

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Tight-fisted Jaitley offers only promises to debt-ridden banks

Rs 25,000 crore may be too little too less for sick PSBs; consolidation, privatisation of IDBI soon

Rs 25,000 crore may be too little too less for sick PSBs; consolidation, privatisation of IDBI soon The Union Budget 2016-17 turned out to be a damp squib for banks as the public sector lenders, weighed down by capital-eroding bad debts on their books, did not get any capital injection beyond Rs 25,000 crore announced last year. The government, however, gave a push to consolidation of public sector banks. Finance Minister (FM) Arun Jaitley said the government has started the process of transforming IDBI Bank and will look at bringing down its stake in the bank below 50 per cent, from 80.16 per cent now. Read our full coverage on Union Budget 2016   The Bank Board ... image
Business Standard
177 22

Tight-fisted Jaitley offers only promises to debt-ridden banks

Rs 25,000 crore may be too little too less for sick PSBs; consolidation, privatisation of IDBI soon

The Union Budget 2016-17 turned out to be a damp squib for banks as the public sector lenders, weighed down by capital-eroding bad debts on their books, did not get any capital injection beyond Rs 25,000 crore announced last year. The government, however, gave a push to consolidation of public sector banks. Finance Minister (FM) Arun Jaitley said the government has started the process of transforming IDBI Bank and will look at bringing down its stake in the bank below 50 per cent, from 80.16 per cent now. Read our full coverage on Union Budget 2016   The Bank Board ...

image
Business Standard
177 22