PSBs to be recapitalised in Q4 FY19, exercise linked to progress on reforms

BCG roped in to measure bank-wise performance of reforms agenda and present a report card

The final round of recapitalisation of public sector banks (PSBs) under the National Democratic Alliance government’s tenure may happen during the fourth quarter of this financial year (2018-19). In a first, the recapitalisation exercise will be linked to the performance of 21 PSBs in executing the 30-point reforms agenda chalked out by the Centre. The Indian Banks’ Association (IBA) has roped in Boston Consulting Group (BCG) to bring out a report card on the compliance of the reforms agenda, known as EASE — Enhanced Access and Service Excellence.

BCG has been tasked to submit the compliance report by December this