Turnaround of PSBs: A story from doom to bloom; journey towards Rs 1 lakh cr profit

The doom-to-bloom story of the PSBs can be attributed to the initiatives and spate of reforms undertaken by the government led by PM Narendra Modi, along with the then FM Arun Jaitley and Financial Services Secy Rajiv Kumar. As part of the strategy, the government infused an unprecedented Rs 3,10,997 crore to recapitalise PSBs during the last five financial years

from Banking/Finance-Industry-Economic Times https://ift.tt/AgFDVhT