RBI un­locks Rs 40,000 crore ad­di­tional cap­i­tal for banks

The Pak Banker - - COMPANIES/BOSS -

The Re­serve Bank of In­dia (RBI) re­vised norms on cap­i­tal recog­ni­tion, mak­ing avail­able an ad­di­tional Rs.40,000 crore to In­dian banks. The move comes at a time when pub­lic sec­tor banks are fac­ing pres­sure on their prof­itabil­ity due to a sharp rise in non-per­form­ing as­sets, which is erod­ing their cap­i­tal base. The an­nounce­ment is a big re­lief for, mainly, pub­lic sec­tor banks, af­ter fi­nance min­is­ter Arun Jait­ley on Mon­day an­nounced in his bud­get speech a cap­i­tal infusion of Rs. 25,000 crore for the fis­cal year start­ing in April.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.