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Govt, RBI and 15th Finance Commission discuss bank recapitalisation

The banking sector needs to open up to the same levels of 'liberalisation process' which other sectors have witnessed, N K Singh said

N K Singh, chairman of the 15th Finance Commission

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“I think there would be a V-shaped recovery IN Q3 and Q4 of FY21, not necessarily that anything fundamental will happen or may happen but because of a lower base,” NK Singh, 15th Finance Commission Chairman

Arup Roychoudhury New Delhi

3 min read Last Updated : Jul 28 2020 | 1:43 AM IST

The Fifteenth Finance Commission is in discussions with the Centre and the Reserve Bank of India on the issue of bank recapitalisation, Commission Chairman N K Singh said on Monday.

The banking sector needs to open up to the same levels of ‘liberalisation process’ which other sectors have witnessed, Singh said.

“We need to have a far more decisive and significant banking recapitalisation plan. I think that over the next five years a huge public outlay will be needed to keep state-owned banks properly and adequately capitalised,” Singh said at an event organised by the All India Management Association. “The Commission is

Topics : Bank recaptalisation 15th Finance Commission N K Singh Reserve Bank of India RBI Indian banking sector banking reforms

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