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Recapitalisation plan: Govt, RBI drawing up list of new banking reforms

Rs 2.11-lakh-cr recapitalisation plan includes Rs 1.35 lakh cr as bonds, Rs 58,000 cr of fresh capital and Rs 18,000 cr in govt outlay

Monetary policy review: All eyes on RBI today
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Arup Roychoudhury New Delhi
The finance ministry and the Reserve Bank of India (RBI) are drawing up a list of reform measures to accompany the recent Rs 2.11-lakh-crore bank recapitalisation plan. 

These are being prepared in consultation with banks and might be classified into short-, medium- and long-term measures.

Officials are tight-lipped about what these reforms might entail as preparations are still on. However, there are indications that some of the measures announced in Indradhanush — a seven-point plan to revamp state-owned banks but not completed — might be taken up again.

“If there are some areas which have already been identified and on