Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y