Finance ministry set to put PSB recapitalisation plan on fast track

The finance ministry is set to expedite the issue of recapitalisation bonds worth around Rs 45,000 crore to public sector banks (PSBs) to shore up their capital base and enable them to support growth at a time when the lending ability of non-banking financial companies (NBFCs) has been severely impaired by a liquidity crunch.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CEaxfd