The Union Government on Wednesday Jan 24,2018 announced the detailed contours of the recapitalisation plan for public sector banks (PSBs)it announced in Oct 2017
including a reforms package across six themes that cover 30 action
points such as customer responsiveness, responsible banking and credit
offtake.
The capital infusion plan for 2017-18 includes ₹80,000 crore through recapitalisation bonds and ₹8,139 crore as budgetary support. The bonds are to have a maturity period of 10-15 years and would be issued in six tranches. They will be non-Statutory Liquidity Ratio and non-tradable bonds priced at a three-month average plus a certain spread decided by the government
The capital infusion plan for 2017-18 includes ₹80,000 crore through recapitalisation bonds and ₹8,139 crore as budgetary support. The bonds are to have a maturity period of 10-15 years and would be issued in six tranches. They will be non-Statutory Liquidity Ratio and non-tradable bonds priced at a three-month average plus a certain spread decided by the government
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