Finance ministry is working on structure of recapitalisation bonds, announcements likely over next few weeks
Govt would float public sector recapitalisaion bonds valued at Rs 1.35 lakh crore
The government unveiled a Rs 2.11-lakh crore two-year road map to strengthen NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution
The government unveiled Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution
As Modi govt is bidding to tackle a major drag on the economy that has frustrated his attempts to boost growth
He drew a parallel with weak recapitalisation of European banks
The authorities in the US moved faster to recapitalise banks than their counterparts in Europe