Saturday, June 21, 2014

'No fresh funds for state-run banks in budget'

..........The Reserve Bank of India-appointed P J Nayak Committee had called for lowering the government's stake in public sector banks to 51 per cent to meet their capital requirements under Basel III norms and suggested setting up a holding company for all public sector banks. According the proposal, the proposed holding company would hold the government's stake in all state-run banks and raise capital through debt and equity on their behalf............

No comments: