The across-the-board capital infusion, as part of the bank recapitalisation plan, perpetuates the old system of PSU banks getting free capital with no incentives to use it wisely and manage their risks well
3 min read26 Jan 2018The govt will give more money to the weakest banks: 11 public sector banks will together receive Rs52,311 crore, or the lion's share of the total bank recapitalisation amount
2 min read25 Jan 2018RBI deputy governor Viral Acharya says the government should only merge strong public sector banks while allowing weaker banks to recuperate after adequate recapitalisation
2 min read9 Sep 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared