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Government announces Bank Recapitalisation Plan
October 26 , 2017
2597 days
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- The Union government unveiled an ambitious plan to infuse ₹11 lakh crore capital over the next two years into public sector banks (PSBs) prioritised financing support for MSMEs in 50 clusters.
- The nature of recapitalisation bonds will be decided in coming months and the capital infusion will be accompanied by a series of banking sector reforms.
- It will increase lending capacity of PSBs which will in turn boost economy and improve private sector investment.
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