Sun, Feb 05, 2017
"The RBI decision avoids potential damage to sentiment in domestic AT1 market, which will have made it even harder for banks to raise the large amount of new capital that they require over the next two years," Saswata Guha, a director at Fitch said in a weekend note.
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Wed, Feb 01, 2017
Sensex closed at 28,141.64, surging over 485 points or 1.76% and that of Nifty 50 ended at 8,716.40 above 155 points or 1.81%. Four sectors namely auto, bankex, metal and Fast moving consumer goods (FMCG) were the top winner on BSE after Budget.
In line with the Indradhanush roadmap, the cabinet has decided to provide Rs 10,000 crore for recapitalisation of banks. Additional allocations will be made if needed further.
Tue, Jul 19, 2016
Finance Ministry has said that it will provide Rs 22, 915 crore to 13 public sector banks in an effort to meet their recapitalisation needs.
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