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Urjit Patel on bank recapitalisation: Plan will be differentiated across banks


State-run banks with a well-managed balance sheet will get priority in the central government?s recapitalisation programme, the Reserve Bank of India?s (RBI) governor Urjit Patel said on Wednesday, while announcing the central bank?s monetary policy decision. ?As announced by the government, the plan will be differentiated across banks. In particular, recapitalisation bonds will be front-loaded for banks that have managed their balance sheet strength more prudently and can use the injected capital to lend, beside providing for legacy asset losses,? Patel said.
Source: Latest News

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