PSBs may get Rs 12k-cr extra capital in FY17

The government is reaching to inject Rs ten,000-12,000 large integer publically sector banks (PSBs) within the current yr, over and higher than Rs twenty five,000 large integer provisioned within the Budget, to assist them ace the mounting unhealthy loans.

Senior PSB executives have wanted extra recapitalisation from the govt. to satisfy capital adequacy needs. minister Arun Jaitley has repeatedly aforesaid if PSBs need extra recapitalisation, the govt. would supply the resources.

"We have already taken under consideration extra capital demand by banks. an extra quantity of around Rs ten,000-12,000 large integer won't be a tangle and not have an effect on the 2016-17 financial  target of three.5 per cent of the gross domestic product (GDP)," aforesaid a senior government official.

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