Recapitalisation plan: Govt, RBI drawing up list of new banking reforms

Rs 2.11-lakh-cr recapitalisation plan includes Rs 1.35 lakh cr as bonds, Rs 58,000 cr of fresh capital and Rs 18,000 cr in govt outlay

The finance ministry and the Reserve Bank of India (RBI) are drawing up a list of reform measures to accompany the recent Rs 2.11-lakh-crore bank recapitalisation plan. 

These are being prepared in consultation with banks and might be classified into short-, medium- and long-term measures.

Officials are tight-lipped about what these reforms might entail as preparations are still on. However, there are indications that some of the measures announced in Indradhanush — a seven-point plan to revamp state-owned banks but not completed — might be taken up again.

“If there are some areas which have already been identified and on