Bank recap to remain unchanged at Rs 65\,000 cr



Bank recap to remain unchanged at Rs 65,000 cr

PSBs

Recent softening in bond yields and consequent reversal of mark-to-market losses on bond portfolios of lenders is expected to lower capital requirements of PSBs, said Icra

Govt's capital support to PSBs to reduce by up to Rs 45,000 crore

Rs 65,000 cr – bank recapitalisation target seen unchanged in current fiscal year

Rs 22,900 cr – capital infused in seven PSBs till November

Rs 42,100 cr – balance capital to be equally allocated into PCA and non-PCA banks

Rs 2.11L cr – recapitalisation programme for PSBs

11 – banks are under prompt corrective action plan framework

Gross non-performing assets for banking sector likely to reduce to 10.2% by March

Net non-performing assets likely to reduce to 4.3%