Big bank recap
The Centre, on Thursday, sought parliamentary approval for an additional spend of ₹80,000 crore towards recapitalisation of public sector banks by issuing government securities. This is the first tranche of the ₹1.35-lakh crore bank recapitalisation bonds planned to be issued as part of the overall ₹2.11-lakh crore capital infusion announced in October last year. However, with much of the exubera...
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