Sunday, January 5, 2020

Govt unlikely to announce capital infusion for PSU banks in Budget

The government is unlikely to announce capital infusion for the public sector banks (PSBs) in the upcoming Budget and will rather encourage them to expedite recovery of bad loans and raise funds from the market. Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-21.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/35pXoRM

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