Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > ‘Indradhanush 2.0’ on anvil for recapitalisation of PSBs

‘Indradhanush 2.0’ on anvil for recapitalisation of PSBs

Monday, February 13, 2017
By A Business Reporter

Government plans to come out with 'Indradhanush 2.0', a comprehensive plan for recapitalisation of public sector lenders, with a view to make sure they remain solvent and fully comply with the global capital adequacy norms, Basel-III. 'Indradhanush 2.0' will be finalised after completion of the Asset Quality Review (AQR) by the Reserve Bank, which is likely to be completed by March-end.

The RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as non-performing assets (NPAs) and make adequate provisions for them. It has had a debilitating impact on banks' numbers and their stocks. The central bank has set a deadline of March 2017 to complete the AQR exercise. "Post Asset Quality Review (AQR) exercise by the RBI to clean up the balance sheets of PSBs, the numbers are being re-looked at and a revised programme of capitalisation will be issued as part of 'Indradhanush 2.0'," said a Finance Ministry document.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
Email:    
Comments:
 
I am confused. Two of my good friends, both boys,
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You could be running behind schedule in a certain assignment. In your anxiety to get things done in a hurry you could end up over looking some important details. Your plans to make up for lost time at home could also run into some rough weather because of the attitude of a family member. Try not to be overly sensitive with loved ones but look on the positive side of all that you have. Perhaps you are taking a lot for granted.
- Advertising -
Join Sherwin Rebello and his team of backpackers
Department of PGDM IT & Analytics ITM Business sc
Based on comprehensive market research conducted
Read More