The government on Monday sought Parliament’s approval to inject Rs 20,000 crore of equity capital in public sector banks (PSB). (File photo)
The government on Monday sought Parliament’s approval to inject Rs 20,000 crore of equity capital in public sector banks (PSB).
The Union Budget 2020-21 did not make any allocation towards fund infusion in state-owned banks for this year, as banks were expected to raise capital from the equity markets. But with banks expected to record a spike in non-performing assets and higher loan losses in the wake of Covid-19, equity raising by PSBs from capital markets is now possible at low valuations….
