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Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies
Wants RBI to give performance details over the past five years
P&SB to park investment in HTM category; raises concern
This is indeed a comprehensive package which shows that the finance ministry has been keeping its ears close to the ground
It may not make you rich, but will insulate from decisions made to meet divestment targets
Thirteen state banks have reported combined losses of $8.6 billion for the year to March, and their non-performing loans have surged nearly a fifth from end-December levels
Additional funds may required for Union Bank and Allahabad Bank
Last October, Finance Minister Arun Jaitley announced the plan to recapitalise banks with Rs 2.11 trillion over two years
In October, govt announced Rs 2.1 lakh crore capital infusion into NPA-hit public sector banks over next two years
Plan includes floating recapitalisation bonds of Rs 1.35 lakh cr and raising Rs 58,000 cr from the market by diluting govt's stake
The RBI still holds around Rs 44,000 crore in surplus from last year's profit, according to the union
No amount of equity oxygen can take the NPAs-ridden public sector banks out of their financial ICU
Arundhati Bhattacharya had said a few months ago that merger of public sector banks should be between equals
PSUs will now find it easier to offer credit and that might give some stimulus even if a large proportion of new loans eventually goes sour
The Centre on Tuesday unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, including re-capitalisation bonds, budgetary support, and equity dilution
Will the government go in for ownership change in the state-owned banks? Will the managements be revamped in a way that such bad loans problems do not recur?
Govt's plan will have little impact on its target to shrink the shortfall to 3.2% GDP in the year through March 2018