Budget 2019: Government Plans Rs 70\,000 Crore Bank Recapitalisation

Budget 2019: Government Plans Rs 70,000 Crore Bank Recapitalisation

The state-owned banks, which control a majority of banking assets in India, have been weighed down by nearly $150 billion in stressed assets

Budget 2019 | | Updated: July 05, 2019 22:21 IST
Budget 2019: Government Plans Rs 70,000 Crore Bank Recapitalisation

The economy grew at a rate of just 5.8 per cent in the January-March quarter, a five-year low