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Late, But A Good First Step
Businessworld
|November 11, 2017
Late, But A Good First Step
AT LONG LAST, the Centre has decided to grease the skids. The move to infuse Rs 2.11 lakh crore in capital into state-run banks will help take care of two issues — provide for badloans on their books and take a hair-cut if needed; and when the time is opportune, be able to lend to viable projects. Of the Rs 2.11 lakh crore, the lion’s share will be front-loaded through re-capitalisation bonds (recap-bonds) of Rs 1.35 lakh crore; Rs 76,000 crore through Budgetary support and equity raised from the bourses. These amounts, it is hoped will cover for both current dud-loans (and hopefully, fresh slippages); and capital needs under Basel-III norms which kick in from 2019.
Bu hikaye Businessworld dergisinin November 11, 2017 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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