FM Nirmala Sitharaman announces capital infusion of Rs 70,000 crore for PSBs

According to a recent Crisil report, PSBs — which make up for roughly 80% of the bad loans in the banking system — will see their gross NPAs shrinking by as much as 400 bps to 10.6% by March 2020 from 14.6% in March 2018.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2P7TCJV