Why govt is upping the ante on PSU bank recapitalisation plan
A look at what a higher PSU bank capitalisation outlay means for the NPA-ridden banking industry in India
When finance minister Arun Jaitley presented the budget for 2018-19, he allocated ₹ 65,000 crore to recapitalise public sector banks (PSU banks). Late last week, the PSU bank recapitalisation outlay was increased by a little over 63% to ₹ 1.06 trillion. Mint takes a look at what this means for the banking industry.