more-inRBI Deputy Governor S.S. Mundra on Friday said public sector banks may require more than the budgeted ₹10,000 crore capital infusion from the government in the current fiscal on account of higher provisioning for bad loans and haircut on stressed assets. “I think the finance minister has always been mentioning if there is a need we will find resources,” he said on the sidelines of an event organised by Assocham. The process of NPA resolution and capitalisation are closely associated, he said, adding that, it appears banks may need additional capitalisation post the exercise and various solutions may emerge as part of insolvency process.

Source: The Hindu June 16, 2017 16:07 UTC