 "Illustration by Ajay Mahanty")
All the 20 public sector banks (PSBs) have obtained approval from their respective boards for the terms and conditions put forth by the Union government to receive capital infusion through bonds as part of the recapitalisation plan.
Boards of PSBs were required to approve the EASE (Enhanced Access and Service Excellence) plan, chalked out by the Centre, to implement the reforms agenda for “responsive and responsible PSBs”. The process was mandatory for PSBs to get recapitalisation funds from the government, which is to infuse Rs 800 billion in the current financial year.
“We have received communication from all
Boards of PSBs were required to approve the EASE (Enhanced Access and Service Excellence) plan, chalked out by the Centre, to implement the reforms agenda for “responsive and responsible PSBs”. The process was mandatory for PSBs to get recapitalisation funds from the government, which is to infuse Rs 800 billion in the current financial year.
“We have received communication from all
