In a report tabled in the Parliament, the CAG said the the government made an investment of Rs 80,000 crore in 2017-18 and of Rs 1,06,000 crore in 2018-19 for the recapitalisation of PSBs
The Nifty PSU Bank index has crossed major hurdle of 2,750 and is ready to surge 5 per cent
Here are the best of Business Standard's opinion pieces for Wednesday
Institutions face additional burden to meet interest on interest obligation for all its borrowers
Special securities shall be non-interest bearing and no interest shall be payable on issue of the securities
A status check on the consolidation of four sets of state-run banks offers clues to the hard decisions that are needed, write Abhijit Lele and Raghu Mohan
Capex as a percentage of Budget expenditure was 18 per cent in FY17 and FY19. Now, it has come down to 16 per cent… There is scope for capex allocation to go up, says Shah
Private banks stick to equity capital; fund-raising spree driven by RBI's call for adequate capitalisation
Without beefing up the regulatory framework, moral hazard may outweigh advantages, say experts
Here's a selection of Business Standard opinion pieces for the day
Budget could be a good starting point for deeper banking reforms
India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980
Here's a selection of Business Standard opinion pieces for the day
P&SB's zero-coupon bonds violate prudent accounting practices
Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said
Panagariya further said the country lost nearly $125 billion in the April-June period due to the Covid-19 pandemic
The government may infuse Rs 20,000 crore through the recapitalisation of bonds into state-owned banks.
For now, the government has told state-owned banks to raise money from the markets
The banking sector needs to open up to the same levels of 'liberalisation process' which other sectors have witnessed, N K Singh said
Bajaj also said the financial services secretary was examining a plan of bank recapitalisation