NEW DELHI:
Public sector banks (
PSBs) are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their
capital base for business growth and meeting regulatory global risk norms. Capital is very much required for these banks as they are saddled with non-performing assets (NPAs) of about Rs 10 lakh crore.
According to analysts, their first quarter results may not be very encouraging despite heavy cleaning of books. Out of 21 PSBs, 13 have already taken the approval of their boards or
shareholders for raising capital through the
equity market.
