Indian banks will have to raise Rs 3 lakh crore in external capital: IOB DGM

..........“It will be difficult for the government to find such a large amount to capitalise the public sector banks. The situation of the private sector banks will not be much different, leading to merger and consolidation of the banks,” he opined. RBI’s directive to implement the Basel III norms by 2018 March was also a big challenge, he said..........

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