Banks Recapitalisation

Interest waiver will increase financial-stability risks

'We have successfully done the mergers and recapitalisation of the banks', said Thakur

The government announced the Rs 2.11-trillion capital infusion programme in October last year

Banking sector is still a good structural bet and remains convinced about the underlying long term value migration in favour of private banks, says Gautam Duggad of Motilal Oswal

Govt has pegged the fiscal deficit target at 3.2% of the GDP for the current financial year

Govt tying up a plan to pump in Rs 80 billion into PSBs to help them tide over the loans that have turned into NPAs

Lenders, which will receive capital via preferential issue of shares, include Bank of India, IDBI Bank and UCO Bank

Arun Jaitley had announced an unprecedented Rs 2.11 lakh crore two-year roadmap to strengthen public sector banks

"The government has not waived any loans of big NPA defaulters...," the minister asserted.