public sector banks
Modi’s administration is under pressure to raise spending on welfare programs and accelerate development after winning the recently concluded Lok Sabha elections. (Photo: ANI)
Modi readying to sell off weak PSU banks to fund rural homes
18 Jun 2019 3:30 PM

India’s central bank and the govt is in the midst of cleaning up a banking system saddled with the world’s worst NPA ratio.

GDP growth has slipped to 5-year low of 6.8%, in addition, public sector banks will need capital for credit growth. (Photo: DC)
FinMin assessing capital needs of PSBs; Budget may make provision for Rs 30,000 cr
17 Jun 2019 12:37 PM

The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.


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